South Dakota § 5-12-20 Resolutions for revenue bonds authorized--Purpose--Legislative approval required.

South Dakota Statutes

§ 5-12-20 — Resolutions for revenue bonds authorized--Purpose--Legislative approval required.

South Dakota § 5-12-20

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-11SOUTH DAKOTA BUILDING AUTHORITY

This text of South Dakota § 5-12-20 (Resolutions for revenue bonds authorized--Purpose--Legislative approval required.) 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 § 5-12-20 (2026).

Text

The Building Authority may 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 a combination of projects. However, no project may be let for construction, nor any revenue bonds be sold to raise the funds for payment of such construction until after the Legislature by law declares the project to be in the public interest and no revenue bonds may be sold to raise funds for the accomplishment of any project of the kind listed in this chapter until after the Legislature by law declares the project to be in the public interest.

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The Building Authority may 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 a combination of projects. However, no project may be let for construction, nor any revenue bonds be sold to raise the funds for payment of such construction until after the Legislature by law declares the project to be in the public interest and no revenue bonds may be sold to raise funds for the accomplishment of any project of the kind listed in this chapter until after the Legislature by law declares the project to be in the public interest.