48 U.S.C. § 1403a — Expenditure of bond proceeds for public improvements
submitted 77 years ago by ch. 769 to r/title-48-TERRITORIES-AND-INSULAR-POSSESSIONS · 48 words · no verdicts yet
Money from the authorized bonds and other obligations may be spent only on the public improvements listed in section 1403 or on reducing the debt created by the bond or obligation. Congress may authorize other uses.
Proceeds from the authorized bond issues or other obligations may be spent only on the public improvements listed in section 1403 or on reducing the debt created by that bond issue or obligation, unless Congress authorizes another use.
The proceeds of the bond issues or other obligations herein authorized shall be expended only for the public improvements set forth in section 1403 of this title, or for the reduction of the debt created by such bond issue or obligation, unless otherwise authorized by the Congress.
Source credit: (Oct. 27, 1949, ch. 769, § 2, 63 Stat. 941.)
- 1949Enacted · Act of Oct. 27, 1949, ch. 769 · 63 Stat. 941
A history note hasn’t been published yet. The record shows enactment by ch. 769 on 1949-10-27.
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