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43.83B.200 - Deposit of proceeds from repayment of loans, interest, gifts, grants, etc., in state and local improvements revolving account -- Water supply facilities -- Use.

Deposit of proceeds from repayment of loans, interest, gifts, grants, etc., in state and local improvements revolving account โ€” Water supply facilities โ€” Use.

The proceeds from repayment of any loans made for agricultural water supply facilities and the interest earned from such loans, any gifts, grants, or other funds provided to the state for agricultural water supply facilities, and any interest earned on the interim investment of such funds or proceeds shall be deposited in the state and local improvements revolving account--water supply facilities and shall be used exclusively for agricultural water supply facilities.

[1975 1st ex.s. c 295 ยง 1.]

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