The proceeds of revenue bonds shall be used solely for the payment of the cost of the park project for which the bonds have been issued. The proceeds shall be disbursed in the manner and under the restrictions, if any, that the commission provides in the resolution authorizing the issuance of the bonds or in the trust agreement securing the bonds.

[Pre-1995 Recodification Citation: 14-3-12-13 part.]

As added by P.L.1-1995, SEC.7.