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§ 46A-1-17 Borrowing on interim notes--Expenses paid and loans made from proceeds--Issuance of notes.

SD Codified L § 46A-1-17 (2019) (N/A)
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46A-1-17. Borrowing on interim notes--Expenses paid and loans made from proceeds--Issuance of notes. The district may borrow money and issue interim notes in evidence thereof to perform any of the duties authorized under this chapter, including the payment of expenses to be incurred for planning, architectural, engineering, legal, and financial services, the acquisition of a site or sites, construction of projects, and the purchase of fixtures and equipment the making of loans authorized by § 46A-1-18, the funding of debt service reserves and capitalized interest and the payment of the costs of issuance. The district may from time to time, and pursuant to appropriate resolution, issue interim notes to evidence such borrowings including interest on such borrowings and all necessary and incidental expenses in connection with any of the purposes provided for by this chapter until the date of the permanent financing.

Source: SL 1972, ch 241, § 25; SL 1979, ch 301, § 4; SDCL Supp, § 46-17A-23.

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§ 46A-1-16 Repealed.
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§ 46A-1-18 Loan of interim note proceeds to public entity or person for project that state or federal agency is committed to finance--Notes issued prior to financing arrangement.