South Dakota Const. art. XIII, § 17

South Dakota Constitution

Article XIII, § 17 — Home loans by state -- Debt limitation inapplicable

South Dakota Const. art. XIII, § 17 (Home loans by state -- Debt limitation inapplicable) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionSouth Dakota DocumentConstitution

ArticleXIII

Section§ 17

CitationSouth Dakota Const. art. XIII, § 17

Bluebook

S.D. Const. art. XIII, § 17.

Full Text

The state may establish and maintain a system of credits for assisting in the building of homes by the people of the state, and therefor may loan money and extend credit to the people of the state upon real estate security in such manner and upon such terms and conditions as may be prescribed by general law. The limitations and provisions regarding the incurring of indebtedness elsewhere found in the Constitution shall not apply to this section, but the Legislature shall, at the time of incurring any indebtedness hereunder, provide for discharging same.

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The state may establish and maintain a system of credits for assisting in the building of homes by the people of the state, and therefor may loan money and extend credit to the people of the state upon real estate security in such manner and upon such terms and conditions as may be prescribed by general law. The limitations and provisions regarding the incurring of indebtedness elsewhere found in the Constitution shall not apply to this section, but the Legislature shall, at the time of incurring any indebtedness hereunder, provide for discharging same.