38-549. No-fund warrants.
38-549
38-549. No-fund warrants.The board of directors of any youth camp or home may adopt a resolutionat any time before tax moneys are available under authority of this act,and such resolution may provide for the issuance of no-fund warrants in anamount not to exceed the amount which would be produced by a one mill levyon the assessed taxable tangible property in the contracting counties. Suchno-fund warrants may be issued without the approval of the statecourt of tax appeals, and in all other respects shall be issued inaccordance to statutes related to no-fund warrants.
History: L. 1970, ch. 163, § 9;L. 2008, ch. 109, § 58; July 1.