S.D. Codified Laws § 13-51A-12

Current through the 2024 Legislative Session
Section 13-51A-12 - Payment of interim notes on issuance of bonds

Contemporaneously with the issue of revenue bonds as provided by this chapter, all interim notes, even though they may not then have matured, shall be paid, both principal and interest to date of payment, from the funds derived from the sale of revenue bonds for the permanent financing and such interim notes shall be surrendered and canceled.

SDCL 13-51A-12

SL 1971, ch 134, § 4 (D).