Section 5-3-124 - State consolidation grants - Use and purpose

Any money granted by the state consolidation committee to any county or counties shall be used by the counties in the payment of the outstanding indebtedness of the county receiving the grant, and this grant shall have as its purpose the equalization of the burden of bonded indebtedness between the counties being absorbed and absorbing.Acts 1939, ch. 226, § 3; C. Supp. 1950, § 136.20 (Williams, §136.23); T.C.A. (orig. ed.), § 5-324.