§ 35-8-12 - Annual deficit payments to sinking fund commission.
SECTION 35-8-12
§ 35-8-12 Annual deficit payments tosinking fund commission. – Annually, within five (5) days after the fifteenth of June in each fiscal year,the sinking fund commission shall certify in writing to the controller the sumnecessary to offset any deficit then existing in the sinking fund andthereupon, on or before the last business day of the fiscal year, it shall bethe duty of the controller to draw his or her order upon the general treasurer,directing the treasurer to transfer that sum from the general fund to thesinking fund.