Section 449.10. Investment of funds, use of loan, or bond issue proceeds

Latest version.

(a) Liquid fuels tax account. All monies in the liquid fuels tax account may be invested so as to earn interest until expended and may be combined with other municipal funds for investment.
(b) Loans or bonds. All proceeds of any loan or bond issue made for road or street improvement purposes must be used exclusively for road or street improvement purposes. A single loan or bond issue shall not be made for both a road or street improvement purpose and a nonrelated purpose.

The provisions of this § 449.10 amended April 13, 1979, effective April 14, 1979, 9 Pa.B. 1308.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');