Statutes > South Dakota Statutes > Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS > Chapter 12 - South Dakota Building Authority > Section 5-12-27.1 - Refunding bonds authorized--Purposes.

Section 5-12-27.1 - Refunding bonds authorized--Purposes.

5-12-27.1. Refunding bonds authorized--Purposes. 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.