§31-18C-10. Veterans' loan payments used to pay bonds and
interest; investment of remainder.
(a) There shall be paid into the general account in the
veterans' mortgage fund all money from any and all loan payments
made by veterans under the terms of the loans for the purpose of
paying the interest on and principal of such bonds and from any
other source whatsoever which is made liable by law or contract for
the payment of the principal of such bonds or the interest thereon.
(b) Moneys from time to time in the general account in the
fund in excess of the amount currently required for the payment of
the due principal of, or interest on, the bonds, and the current
expenses of the fund shall be invested by the state treasurer at
the direction of the governor.