§ 250.388.

CONSTRUCTION FUND

The proceeds of the bonds shall be deposited in a construction fund which shall be created and maintained for each project. The monies in said fund shall be used solely for the acquisition and construction of the improvements and rights described in said proceedings, and the expenses incidental to said proceedings and the financing thereof, including, but not limited to, legal or other fees incidental to or connected with the authorization, issuance and sale of the bonds and the cost of printing the bonds. Such expenses may include interest on the bonds during the estimated period of acquisition and construction.

History

(Added by Ord. 225-81, App. 5/5/81)

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