A school district may issue and sell or pledge its notes to the health and educational facilities authority or the authority’s designated agent or trustee. School districts may enter into contracts and agreements with the health and educational facilities authority to effectuate the purposes of §§ 1-16A-19, 1-16A-74 to 1-16A-76, inclusive, and 13-19-1.2. In acting pursuant to this section, school districts are exempt from all laws of the state which provide for competitive bids and hearings in connection with such sales, pledges, contracts, and agreements.

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Terms Used In South Dakota Codified Laws 13-19-1.2

  • Trustee: A person or institution holding and administering property in trust.

Source: SL 1986, ch 13, § 4.