§ 5-12-27.1 Refunding bonds authorized--Purposes.

SD Codified L § 5-12-27.1 (2019) (N/A)
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5-12-27.1. Refunding bonds authorized--Purposes. The Building Authority may issue negotiable refunding bonds to refund:

(1) Unpaid matured bonds;

(2) Unpaid matured coupons evidencing interest upon its unpaid matured bonds; and

(3) Interest at the coupon rate upon its unpaid matured bonds that has accrued since the maturity of these bonds.Source: SL 1975, ch 50, § 1.