A water development district board of directors may establish a capital reserve fund. Dollars in the fund may not revert at the end of a fiscal year. The board may expend dollars from the fund, as necessary, for the purposes of chapters 46A-3A to 46A-3E, inclusive.

Source: SL 1984 (SS), ch 1 , § 44; SL 2025, ch 186 , § 50.