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§ 13-5-32 Cooperative educational service units--Powers--Authorization to issue notes.

SD Codified L § 13-5-32 (2019) (N/A)
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13-5-32. Cooperative educational service units--Powers--Authorization to issue notes. A cooperative educational service unit may carry out the services stated in the cooperative agreement but may not levy taxes or issue bonds. However, a cooperative educational service unit may issue notes to be sold to the health and educational facilities authority or otherwise borrow money in connection with a program sponsored by the health and educational facilities authority pursuant to § 1-16A-75.

Source: SL 1980, ch 119, § 2; SL 1991, ch 124, § 1.

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§ 13-5-31 Cooperative educational service units.
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§ 13-5-32.1 Cooperative educational service units--Purpose--Acquiring, leasing and selling real and personal property--Agreement establishing units.