2012 South Dakota Codified Laws
Title 46A WATER MANAGEMENT
Chapter 07A. Cendak Irrigation District
§46A-7A-90 Fiscal year borrowing against anticipated revenue--Maturity.


SD Codified L § 46A-7A-90 (through 2012) What's This?


46A-7A-90. Fiscal year borrowing against anticipated revenue--Maturity. Within any fiscal year of the district the board, by resolution, may borrow against revenues anticipated to be received during that fiscal year and not otherwise encumbered. The borrowings shall mature not later than the first day of the following fiscal year. The borrowings may be made either by public notice or may be negotiated, as the board may prescribe.

Source: SL 1985, ch 360, § 90.

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