US Lawyer Database

§ 15-1028 – Disposition of surplus tax monies

15-1028. Disposition of surplus tax monies A. If a bond issue and interest thereon have been fully paid and a balance remains in the debt service fund from taxes collected for payment of the bonds and interest, the balance may be applied on the payment of other outstanding bonded indebtedness of the school district payable […]

§ 15-1029 – Rights of bondholder; additional state tax

15-1029. Rights of bondholder; additional state tax A. If the board of supervisors fails to make the levy necessary to pay school district bonds or interest coupons at maturity and such bonds or coupons are presented to the county treasurer and payment is refused, the owner may file the bond, together with all unpaid coupons, […]