Statutes, codes, and regulations
South Dakota Codified Laws
Title 13 - EDUCATION
Chapter 19 - SCHOOL DISTRICT BONDS AND NOTES
Section 13-19-7 - Bonding power of school districts-Purposes for which bonds authorized

S.D. Codified Laws § 13-19-7

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Current through the 2024 Legislative Session
Section 13-19-7 - Bonding power of school districts-Purposes for which bonds authorized

All school districts are authorized and empowered to issue negotiable bonds for the following purposes only: to refund any bonded indebtedness which is or is about to become due and payable, or whenever such indebtedness can be refunded at a lower rate of interest; to fund any judgments or outstanding warrants, and to raise money for any purpose for which the school board is authorized to spend school district funds.

SDCL 13-19-7

SDC 1939, § 15.2201; SL 1945, ch 54, § 1; SL 1945, ch 70; SL 1947, ch 62; SL 1947, ch 78; SL 1955, ch 41, ch 10, § 17; SDC Supp 1960, § 15.2217; SL 1963, ch 75, § 2.