[Transfers from guaranty fund to other funds.]

If and when the bonded indebtedness of any such district has been paid and retired, and such guaranty fund is no longer needed for the purposes herein provided, such moneys, or any unexpended portion thereof, shall be placed in the construction or such other fund of the district as may be ordered by the board thereof. History: Laws 1931, ch. 50, § 6; 1941 Comp., § 77-2945; 1953 Comp., § 75-30-45.