Statutes > South Dakota Statutes > Title 6 - LOCAL GOVERNMENT GENERALLY > Chapter 08B - Bonds of Local Public Bodies > Section 6-8B-39 - Bonds payable from different sources--Refunding by single issue prohibited.

Section 6-8B-39 - Bonds payable from different sources--Refunding by single issue prohibited.

6-8B-39. Bonds payable from different sources--Refunding by single issue prohibited. No two or more issues or parts of issues of outstanding bonds may be refunded by a single issue of refunding bonds unless all of the outstanding bonds are payable from the same fund or source.

Source: SL 1984, ch 43, § 34A.