South Dakota Statutes

§ 49-16B-23 — Negotiable revenue bonds--Resolution for issuance--Legislative approval.

South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-16B SOUTH DAKOTA RAILROAD AUTHORITY
The authority may at one time, or from time to time, provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying all or any part of the cost of one or combination of projects. However, no revenue bonds may be sold to raise the funds for payment of such project until after the Legislature by law declares the same to be in the public interest.

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South Dakota § 49-16B-23 (Negotiable revenue bonds--Resolution for issuance--Legislative approval.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1980, ch 323, § 22.

Nearby Sections

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