South Dakota § 11-7-91 Provision for project revenues to be placed in debt service funds.

South Dakota Statutes

§ 11-7-91 — Provision for project revenues to be placed in debt service funds.

South Dakota § 11-7-91

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-7COUNTY AND MUNICIPAL HOUSING AND REDEVELOPMENT

This text of South Dakota § 11-7-91 (Provision for project revenues to be placed in debt service funds.) 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 § 11-7-91 (2026).

Text

The commission may in its discretion provide that all revenues received from its redevelopment projects be placed in a debt service fund for the payment of interest and principal on all bonds issued for any redevelopment project, and the revenue from all such projects shall be paid into the debt service fund until all outstanding bonds have been fully paid. This same power shall exist with regard to housing projects.

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The commission may in its discretion provide that all revenues received from its redevelopment projects be placed in a debt service fund for the payment of interest and principal on all bonds issued for any redevelopment project, and the revenue from all such projects shall be paid into the debt service fund until all outstanding bonds have been fully paid. This same power shall exist with regard to housing projects.