Statutes, codes, and regulations
South Dakota Codified Laws
Title 31 - HIGHWAYS AND BRIDGES
Chapter 10 - BOUNDARY STATE HIGHWAY BRIDGES
Section 31-10-9 - Agreement for purchase or construction-Payments-Interest

S.D. Codified Laws § 31-10-9

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Current through the 2024 Legislative Session
Section 31-10-9 - Agreement for purchase or construction-Payments-Interest

Any agreement entered into under §§ 31-10-2 to 31-10-11, inclusive, by the department, for the purchase or construction of any bridge, may provide for one or more annual payments, but not exceeding ten. A reasonable rate of interest may be paid on deferred installments to be paid under any agreement.

SDCL 31-10-9

SL 1947, ch 132, § 6; SDC Supp 1960, § 28.1430; SL 2010, ch 145, §86.