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

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.

South Dakota § 11-7-91 (Provision for project revenues to be placed in debt service funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.