South Dakota § 6-8B-62 Credit enhancement obligations irrepealable until fully paid.

South Dakota Statutes

§ 6-8B-62 — Credit enhancement obligations irrepealable until fully paid.

South Dakota § 6-8B-62

Title 6LOCAL GOVERNMENT GENERALLY

Ch. 6-8ABONDS OF LOCAL PUBLIC BODIES

This text of South Dakota § 6-8B-62 (Credit enhancement obligations irrepealable until fully paid.) 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-62 (2026).

Text

Upon the issuance and sale of bonds or other obligations secured by a credit enhancement obligation, any pledge or covenant made relating to such bonds or other obligations pursuant to a resolution or ordinance described in § 6-8B-60 and any agreement or other arrangement made pursuant to § 6-8B-61 shall be irrepealable until such time as such bonds or other obligations are fully paid with interest thereon in the manner described by the documents governing such bonds or other obligations.

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Upon the issuance and sale of bonds or other obligations secured by a credit enhancement obligation, any pledge or covenant made relating to such bonds or other obligations pursuant to a resolution or ordinance described in § 6-8B-60 and any agreement or other arrangement made pursuant to § 6-8B-61 shall be irrepealable until such time as such bonds or other obligations are fully paid with interest thereon in the manner described by the documents governing such bonds or other obligations.