South Dakota § 13-16-6.2 Capital outlay certificates authorized--Issuance--Sale--Election--Maturity.

South Dakota Statutes

§ 13-16-6.2 — Capital outlay certificates authorized--Issuance--Sale--Election--Maturity.

South Dakota § 13-16-6.2

Title 13EDUCATION

Ch. 13-15ASCHOOL DISTRICT FUNDS AND ACCOUNTS

This text of South Dakota § 13-16-6.2 (Capital outlay certificates authorized--Issuance--Sale--Election--Maturity.) 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 § 13-16-6.2 (2026).

Text

The school board of any school district may issue capital outlay certificates to acquire or construct real property, plant, or equipment. All capital outlay certificates shall be authorized, issued, and sold in accordance with the provisions of chapter 6-8B . However, no election other than as provided in §§ 13-16-6.3 and 13-16-6.4 may be held, and the certificates may not have a maturity date in excess of twenty years from the date of issuance.

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The school board of any school district may issue capital outlay certificates to acquire or construct real property, plant, or equipment. All capital outlay certificates shall be authorized, issued, and sold in accordance with the provisions of chapter 6-8B . However, no election other than as provided in §§ 13-16-6.3 and 13-16-6.4 may be held, and the certificates may not have a maturity date in excess of twenty years from the date of issuance.