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 § 6-8B-50

Title 6LOCAL GOVERNMENT GENERALLY

Ch. 6-8ABONDS OF LOCAL PUBLIC BODIES

This text of South Dakota § 6-8B-50 (Disposition of accrued interest and premiums received on sale.) 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 § 6-8B-50 (2026).

Text

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.