§ 10505. Exclusive Use
TITLE 4: ECONOMIC RESOURCES DIVISION 10: COMMONWEALTH DEVELOPMENT AUTHORITY § 10505. Exclusive Use. Covenant funds in the parity lot subaccounts of the trust account, or interest earned therefrom, may only be used to pay or provide for the payment of princi- pal, premium and interest on bonds the proceeds of which are required by the indenture of trust to be expended respecting CIP projects in accordance to 4 CMC § 10502. Source: PL 5-37, § 3 (§ 10505).
Source: CNMI Law Revision Commission