Statutes, codes, and regulations
South Dakota Codified Laws
Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Chapter 12 - SOUTH DAKOTA BUILDING AUTHORITY
Section 5-12-20 - Resolutions for revenue bonds authorized-Purpose-Legislative approval required

S.D. Codified Laws § 5-12-20

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Current through the 2024 Legislative Session
Section 5-12-20 - Resolutions for revenue bonds authorized-Purpose-Legislative approval required

The Building Authority may provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying all or any part of the cost of one or a combination of projects. However, no project may be let for construction, nor any revenue bonds be sold to raise the funds for payment of such construction until after the Legislature by law declares the project to be in the public interest and no revenue bonds may be sold to raise funds for the accomplishment of any project of the kind listed in this chapter until after the Legislature by law declares the project to be in the public interest.

SDCL 5-12-20

SL 1967, ch 276, § 10; SL 1973, ch 38; SL 1988, ch 50, § 6; SL 1994, ch 50, § 7.