South Dakota § 6-8B-50 Disposition of accrued interest and premiums received on sale.

South Dakota Statutes

§ 6-8B-50 — Disposition of accrued interest and premiums received on sale.

South Dakota·Title 6 LOCAL GOVERNMENT GENERALLY·Ch. 6-8A BONDS OF LOCAL PUBLIC BODIES

Any accrued interest and any premium appertaining to a sale of refunding bonds may be applied to the payment of the interest thereon, the principal thereof, or both interest and principal, or may be deposited in a reserve therefor, or may be used to defray incidental costs, or applied to the payment of the bonds being refunded, or deposited in an escrow, established pursuant to § 6-8B-46 , as the governing body determines.

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Any accrued interest and any premium appertaining to a sale of refunding bonds may be applied to the payment of the interest thereon, the principal thereof, or both interest and principal, or may be deposited in a reserve therefor, or may be used to defray incidental costs, or applied to the payment of the bonds being refunded, or deposited in an escrow, established pursuant to § 6-8B-46 , as the governing body determines.

South Dakota § 6-8B-50 (Disposition of accrued interest and premiums received on sale.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.