S.D. Codified Laws § 5-12-27.1

Current with legislation signed by the governor on or before 3/6/2024

Section 5-12-27.1 - Refunding bonds authorized-Purposes

The Building Authority may issue negotiable refunding bonds to refund:

(1) Unpaid matured bonds;

(2) Unpaid matured coupons evidencing interest upon its unpaid matured bonds; and

(3) Interest at the coupon rate upon its unpaid matured bonds that has accrued since the maturity of these bonds.

SDCL 5-12-27.1

SL 1975, ch 50, § 1.