7-14-2506. County road and bridge depreciation reserve fund -- limitation. (1) The governing body of a county may establish a road and bridge depreciation reserve fund to be used for acquisition and replacement of property, capital improvements, and equipment necessary to maintain and improve county road and bridge facilities and services.
     (2) Budgeted county road and bridge money that has not been expended or encumbered for a fiscal year may be deposited in the road and bridge depreciation reserve fund. The fund may not exceed $200,000.
     (3) Money in the road and bridge depreciation reserve fund must be invested as provided by law. Interest and income from the investment of the road and bridge depreciation reserve fund must be credited to the fund.

     History: En. Sec. 1, Ch. 522, L. 1989.