South Dakota § 11-7-90 Commission power to issue bonds and obligations--Housing projects and redevelopment projects kept separate.

South Dakota Statutes

§ 11-7-90 — Commission power to issue bonds and obligations--Housing projects and redevelopment projects kept separate.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-7 COUNTY AND MUNICIPAL HOUSING AND REDEVELOPMENT

A commission may issue its bonds or other obligations in the manner provided in §§ 11-7-92 to 11-7-101 , inclusive; provided, however, that none of the proceeds of such bonds for redevelopment projects and no proceeds or revenues from any redevelopment project shall be used to pay the bonds or costs of or make contributions or loans to any low - rent housing project, nor shall the proceeds, revenues, or proceeds of bonds of any housing project be used to pay the bonds, costs of, or make contributions or loans to any redevelopment project.

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A commission may issue its bonds or other obligations in the manner provided in §§ 11-7-92 to 11-7-101 , inclusive; provided, however, that none of the proceeds of such bonds for redevelopment projects and no proceeds or revenues from any redevelopment project shall be used to pay the bonds or costs of or make contributions or loans to any low - rent housing project, nor shall the proceeds, revenues, or proceeds of bonds of any housing project be used to pay the bonds, costs of, or make contributions or loans to any redevelopment project.

South Dakota § 11-7-90 (Commission power to issue bonds and obligations--Housing projects and redevelopment projects kept separate.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.