43.83.102 - General obligation bonds -- Capital improvement and capital project defined.

General obligation bonds — Capital improvement and capital project defined.

The words "capital improvement" or "capital project" used herein shall mean acquisition of sites, easements, rights-of-way or improvements thereon or appurtenances thereto, construction and initial equipment, reconstruction, demolition or major alteration of new or presently owned capital assets.

[1967 ex.s. c 148 § 7.]