Title 17 Chapter 36 Section 49

Counties
Uniform Fiscal Procedures Act for Counties
Section 49
Reserve fund for capital improvements -- Investment -- Interest and income.

            

17-36-49.   Reserve fund for capital improvements -- Investment -- Interest and income.

            (1) All money belonging to a reserve fund created under Section 17-36-46 shall be invested in such securities as are legal for other funds of the county.

            (2) The interest and income from the investments shall be a part of the fund.


Renumbered and Amended by Chapter 133, 2000 General Session