There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 46A WATER MANAGEMENT
Chapter 01. State Water Resources Management
§46A-1-33.1 District may contract to manage payment or interest rate risk for bonds.
SD Codified L § 46A-1-33.1 (through 2012) What's This?
46A-1-33.1. District may contract to manage payment or interest rate risk for bonds. The district may enter into any contract that the district determines necessary or appropriate to manage payment or interest rate risk for bonds issued pursuant to this chapter, the investment of proceeds, or other funds of the district. The contracts may include: interest rate exchange agreements; contracts providing for payment or receipt of funds based on levels of or changes in interest rates; contracts to exchange cash flows or series of payments; or contracts incorporating interest rate caps, collars, floors, or locks.
Source: SL 2003, ch 10, § 6.
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