South Dakota Codified Laws 5-12-27.1. Refunding bonds authorized–Purposes
Current as of: 2023 | Check for updates
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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.
Source: SL 1975, ch 50, § 1.