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The proceeds of the sale of the bonds issued under the provisions of this chapter shall be covered into the 'Public Improvement Fund' under whose authorization these bonds are issued and shall be disbursed in accordance with the statutory provisions regulating the disbursement of public funds and for the purposes provided.The Secretary of the Treasury, in accordance with the findings of the Planning Board and with the approval of the Governor, is hereby authorized to apply any money remaining from the issuance and sale of savings bonds to the carrying out of any public capital improvement approved by the Legislature and pending execution. History —May 28, 1976, No. 69, p. 190, § 5.