South Dakota § 13-19-1 School board power to borrow on notes--Authorization, issuance and sale--Maximum term.

South Dakota Statutes

§ 13-19-1 — School board power to borrow on notes--Authorization, issuance and sale--Maximum term.

South Dakota § 13-19-1

Title 13EDUCATION

Ch. 13-17SCHOOL DISTRICT BONDS AND NOTES

This text of South Dakota § 13-19-1 (School board power to borrow on notes--Authorization, issuance and sale--Maximum term.) 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 § 13-19-1 (2026).

Text

Any school board may borrow money, from any source willing to lend the money, by issuing a promissory note subject to the limitations and regulations set forth in §§ 13-19-2 to 13-19-6 , inclusive. All notes shall be authorized, issued, and sold in accordance with the provisions of chapter 6-8B , except that no election shall be held and the notes may not be issued for a term in excess of twenty - four consecutive months.

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Any school board may borrow money, from any source willing to lend the money, by issuing a promissory note subject to the limitations and regulations set forth in §§ 13-19-2 to 13-19-6 , inclusive. All notes shall be authorized, issued, and sold in accordance with the provisions of chapter 6-8B , except that no election shall be held and the notes may not be issued for a term in excess of twenty - four consecutive months.