46A-1-20. Interim financing--Independent review of feasibility of project. Before issuing any interim notes pursuant to § 46A-1-18, the Board of Water and Natural Resources shall conduct an independent review of the feasibility of the project to ensure that projected water consumption, operation costs, construction costs, revenues and other statistics are reliable and that the project will be able to pay its expenses. The board shall state the findings of its independent review in a motion entered in the minutes of its proceedings.
Source: SL 1979, ch 301, § 14; SDCL Supp, § 46-17A-23.3.
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