South Dakota § 13-51A-35 Power to issue refunding bonds for unmatured obligations.

South Dakota Statutes

§ 13-51A-35 — Power to issue refunding bonds for unmatured obligations.

South Dakota § 13-51A-35

Title 13EDUCATION

Ch. 13-50ABOARD OF REGENTS REVENUE BONDS

This text of South Dakota § 13-51A-35 (Power to issue refunding bonds for unmatured obligations.) 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 § 13-51A-35 (2026).

Text

The board shall have power, and is hereby authorized from time to time, to also issue negotiable refunding bonds hereunder to refund bonds at or prior to their maturity or which by their terms are subject to redemption before maturity, or both, in an amount necessary to refund:

(1)The principal amount of the bonds to be refunded;

(2)The interest to accrue up to and including the maturity date or dates, or to the next succeeding redemption date thereof; and (3) The applicable redemption premiums, if any.

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The board shall have power, and is hereby authorized from time to time, to also issue negotiable refunding bonds hereunder to refund bonds at or prior to their maturity or which by their terms are subject to redemption before maturity, or both, in an amount necessary to refund: (1) The principal amount of the bonds to be refunded; (2) The interest to accrue up to and including the maturity date or dates, or to the next succeeding redemption date thereof; and (3) The applicable redemption premiums, if any.