CHAPTER 13 FINANCIAL ASSISTANCE TO COUNTIES, TOWNS AND CITIES
Section 13:4
13:4 Distribution of Proceeds of Loans; Fiscal Agent. –
All money realized from such emergency loans shall be deposited with the state treasurer or in such banks as the governor and council may determine, and shall be paid over to the disbursing officer of such town, city or county only on the order of the governor, in such amounts as he may determine. The governor is hereby authorized to appoint a fiscal agent to supervise and direct the incurring of obligations against, and the expenditure of, said funds. If it becomes necessary, said funds, on order of the governor, may be paid over to such fiscal agent, to be by him disbursed for the benefit of such town, city or county.
Source. 1933, 63:4. 1945, 112:1, eff. April 4, 1945.