63e

The proceeds of the sale of notes issued under the provisions of §§ 63—63h of this title (excluding accrued interest, but including any premium) shall be deposited in the General Fund and the proceeds of the sale of any renewal notes shall be used to pay the notes that are being renewed. An amount not to exceed two percent (2%) of the principal of any issue of notes, which [sic] shall be set aside for the payment of expenses incurred with regard to the issue and sale of said notes. The accrued interest received in the delivery of and the payment for any note issued under the provisions of §§ 63—63h of this title shall be deposited in the Special Fund established in § 63c of this title. History —June 26, 1987, No. 1, p. 591, § 6.