Sec. 13a-191. Application of earnings on investment of proceeds from securities.
Sec. 13a-191. Application of earnings on investment of proceeds from securities. Net earnings on investments of proceeds, accrued interest and premiums on the
issuance of such securities after payment therefrom of expenses incurred by the Treasurer or State Bond Commission in connection with their issuance shall be paid into the
General Fund.
(1961, P.A. 605, S. 11, 12; 1963, P.A. 226, S. 191; 1969, P.A. 755, S. 3; P.A. 73-157, S. 2, 11; P.A. 74-342, S. 22, 43;
P.A. 75-568, S. 23, 45.)
History: 1963 act replaced previous provisions: See title history; 1969 act revised language for clarity; P.A. 73-157
deleted Subsec. (a) re use of excess funds authorized for projects and deleted reference to Subsec. (a) in remaining provisions;
P.A. 74-342 replaced highway debt service fund with transportation fund; P.A. 75-568 replaced transportation fund with
general fund.