S.D. Admin. R. 68:01:01:04
Current through Register Vol. 51, page 67, December 16, 2024
Project costs include the aggregate amount of costs authorized by the authority to be incurred for a project and financed or to be financed by a loan, but exclude any costs of issuance and any amounts deposited or to be deposited in a loan reserve account or capitalized interest account. Project costs may include cost of issuance if the authority does not create a cost of issuance account in the series supplemental resolution and the payment of interest due on a loan that corresponds to the payment of interest due on the series of bonds which financed the loan, accruing before the completion of the project.
S.D. Admin. R. 68:01:01:04
General Authority: SDCL 1-16B-14(4).
Law Implemented: SDCL 1-16B-14(4).