There shall be deposited into the highway improvement bond fund the proceeds of the sale of general obligation bonds of the city and county issued to pay all or part of those appropriations for public improvements made in the capital budget ordinance of the city and county and specified therein to be expended from the highway improvement bond fund.
(Sec. 5-21.2, R.O. 1978 (1983 Ed.)) (1990 Code, Ch. 6, Art. 17, § 6-17.2)