South Dakota Statutes

§ 9-25-14 — Borrowing limit reduced by outstanding warrants and notes.

South Dakota·Title 9 MUNICIPAL GOVERNMENT·Ch. 9-25 MUNICIPAL BONDS AND NOTES
If any registered warrants or promissory notes are outstanding against the fund for which the money is to be borrowed, the borrowing limit specified in § 9-25-13 shall be reduced by the amount of such outstanding warrants or promissory notes.

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South Dakota § 9-25-14 (Borrowing limit reduced by outstanding warrants and notes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1978, ch 63, § 3.

Nearby Sections

15
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