§ 6-8B-35 — Maximum amount of refunding bonds.

The principal amount of the refunding bonds may not exceed the amount necessary to retire the refunded bonds with interest, pursuant to § 6-8B-46 , or, as to crossover refunding bonds, pursuant to §§ 6-8B-53 and 6-8B-54 , plus any costs or expenses associated with the refunding and the issuance of the refunding bonds.

Legislative History

SL 1974, ch 54, § 5; SDCL Supp, § 6-8A-8; SL 1984, ch 43, § 30; SL 1987, ch 66, § 3.