LegalFix
Sign In

§ 4-7-46 Maximum debt through South Dakota Building Authority and vocational education program of South Dakota Health and Educational Facilities Authority.

SD Codified L § 4-7-46 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

4-7-46. Maximum debt through South Dakota Building Authority and vocational education program of South Dakota Health and Educational Facilities Authority. The total principal amount of debt outstanding through the South Dakota Building Authority and the vocational education program of the South Dakota Health and Educational Facilities Authority may not exceed one and two-tenths percent of South Dakota's gross domestic product for the most recently completed calendar year as calculated by the United States Bureau of Economic Analysis.

Source: SL 2015, ch 6, § 4; SL 2015, ch 40, § 1.

Previous Section
§ 4-7-45 General revenue replacement fund established.
Next Section
§ 4-7-47 Total annual debt service payments of South Dakota Building Authority and vocational education program of South Dakota Health and Educational Facilities Authority.