Liability for and distribution of funds

School fund kept separate; use of funds; separation of school taxes; investments. PART 3 BOND ISSUES Subpart 1 County, District, and Joint High School Bonds Article 7 Additional State Aid 20-2-430. [Reserved] 20-2-330 through 20-2-333. 20-2-334. Computation of effect of 20-2-431. 80 Issuance and retirement of county schoolhouse bonds. Division of county into schoolhouse districts; issu- T.20, C.2 ELEMENTARY & SECONDARY EDUC. Sec. 20-2-432. 20-2-433. 20-2-434. 20-2-435. 20-2-436. 20-2-437. 20-2-438. 20-2-450. 20-2-451. 20-2-452. 20-2-453. ance and retirement of district bonds. Joint county-city high schools — Power to contract for building and maintenance. Joint county-city high school contracts for building and maintenance — Approval and confirmation. Joint county-city high school contracts for building and maintenance — Issuance of bonds; elections. Joint county-city high school contracts for building and maintenance — County and city tax levies to pay bonds and maintenance costs. Provisions of Code Sections 20-2-432 through 20-2-435 cumulative. Local and consolidated school district trustees’ powers and duties as to buildings and equipment transferred to county boards. Local and consolidated school district bonds — Transfer to county board; disbursing funds to bondholders; recommending tax levy. Subpart 2 Refunding Bonds Subpart to govern refunding, retiring, or refinancing outstanding district bonds. Electoral approval required for refunding, retiring, or refinancing outstanding district bonds. Elections to approve refunding, retiring, or refinancing outstanding district bonds — Calling of election by county board. Elections to approve refunding, retiring, or refinancing outstanding district bonds — Contents of election notice. Sec. 20-2-454. 20-2-455. 20-2-456. 20-2-457. 20-2-458. 20-2-459. 20-2-460. 20-2-461. 20-2-462. 20-2-463. 20-2-464. 20-2-465. 20-2-466. 20-2-467. 20-2-468. 81 T.20, C.2 Elections to approve refunding, retiring, or refinancing outstanding district bonds — Eligible voters; conduct of election; declaration of result. Elections to approve refunding, retiring, or refinancing outstanding district bonds — Referendum to call election. Elections to approve refunding, retiring, or refinancing outstanding district bonds — Vote required; declaration of favorable result; issuance of refunding bonds. District bonds — Tax levy to provide sinking fund to retire bonds. Local or consolidated school district bonds — Sale or exchange. Independent school district bonds — Sale or exchange. District bonds — Sinking fund for holders failing or refusing to sell or exchange outstanding bonds. Elections to approve refunding, retiring, or refinancing outstanding district bonds — Limit of one per year. County-wide bonds — Powers of counties as to refunding, refinancing, or retiring. County-wide bonds — Petition to call election; call of election; county board to determine terms. County-wide bond elections — Notice. County-wide bond elections — Eligible voters; conduct of election; declaration of result. County-wide bonds — Vote required to approve; issuance, sale, or exchange. County-wide bonds — Handling and use of proceeds. County-wide bonds — Tax levy to provide sinking fund to retire bonds. T.20, C.2 Sec. 20-2-469. 20-2-470. 20-2-471. 20-2-472. 20-2-473. 20-2-474. 20-2-475. 20-2-476. 20-2-477. T.20, C.2 EDUCATION County-wide bonds — Paying off outstanding bonds; sinking fund for holders failing or refusing to sell, exchange, or surrender outstanding bonds. Validation of bonds. Exchange or sale of bonds; use of proceeds. Establishment of sinking fund for unsurrendered bonds. Limitations on issue and use of bonds and proceeds. Powers and duties of officials as to bonds, taxes, and sinking funds. Interest on bonds. When subpart applicable to independent school districts. Construction of subpart against impairment of outstanding bonds.SUBPART 3 Sec. 20-2-501 through 20-2-503. [Reserved]. 20-2-504. Authority to contract for pupil transportation.