South Dakota § 1-16B-23 Disposition of refunding obligations--Application or investment of proceeds.

South Dakota Statutes

§ 1-16B-23 — Disposition of refunding obligations--Application or investment of proceeds.

South Dakota § 1-16B-23

Title 1STATE AFFAIRS AND GOVERNMENT

Ch. 1-16ECONOMIC DEVELOPMENT FINANCE AUTHORITY

This text of South Dakota § 1-16B-23 (Disposition of refunding obligations--Application or investment of proceeds.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 1-16B-23 (2026).

Text

Refunding obligations may be sold or exchanged for outstanding obligations issued under this chapter, and, if sold, the proceeds may be applied to any authorized purpose or to the purchase, redemption or payment of outstanding obligations. The proceeds from any refunding obligation may be invested by the state investment officer, under the provisions of chapter 4-5 , until they are required for the retirement of outstanding obligations.

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Refunding obligations may be sold or exchanged for outstanding obligations issued under this chapter, and, if sold, the proceeds may be applied to any authorized purpose or to the purchase, redemption or payment of outstanding obligations. The proceeds from any refunding obligation may be invested by the state investment officer, under the provisions of chapter 4-5 , until they are required for the retirement of outstanding obligations.