§ 21-139. Assessment funds.

All collections of assessment embraced in any one (1) assessment roll shall be placed in a separate fund properly designated and such fund shall be pledged to and used solely for the payment of the principal and interest of any bonds issued under this article for the construction of the improvement for which such assessments were made until all of such bonds and interest shall have been fully paid; provided that if bonds shall be issued as herein provided for more than one (1) improvement, all assessments collected for all such improvements may by resolution of the board of county commissioners be ordered to be placed in one (1) fund which shall be maintained, pledged and applied for the payment of the principal and interest of such bonds.

(Code 1965, § 26-9; Laws of Fla. ch. 57-1645, § 9)