2013 South Dakota Codified Laws
Title 49 - PUBLIC UTILITIES AND CARRIERS
Chapter 16B - South Dakota Railroad Authority
§ 49-16B-23 Negotiable revenue bonds--Resolution for issuance--Legislative approval.
49-16B-23. Negotiable revenue bonds--Resolution for issuance--Legislative approval. The authority may at one time, or from time to time, provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying all or any part of the cost of one or combination of projects. However, no revenue bonds may be sold to raise the funds for payment of such project until after the Legislature by law declares the same to be in the public interest.
Source: SL 1980, ch 323, § 22.
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