South Dakota Statutes
§ 13-19-3 — Borrowing limit reduced by outstanding warrants or notes.
In case any registered warrants or promissory notes are outstanding against the fund for which the money is to be borrowed, the borrowing limit as specified in § 13-19-2 shall be reduced by the amount of such warrants or promissory notes outstanding at the time the money is borrowed.
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South Dakota § 13-19-3 (Borrowing limit reduced by outstanding warrants or notes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1955, ch 41, ch 10, § 16; SDC Supp 1960, § 15.2216 (2); SL 1965, ch 48.