There is a newer version of the South Dakota Codified Laws
2010 South Dakota Code
Title 50 - AVIATION
Chapter 06A - Regional Airport Authorities
Section 50-6A-29 - Bonds issued by authority--Terms--Minimum sale price--Interest rate.
50-6A-29. Bonds issued by authority--Terms--Minimum sale price--Interest rate. An authority shall have the power to borrow money for any of its corporate purposes and issue its bonds therefor, including refunding bonds, in such form and upon such terms as it may determine, payable out of any revenues of the authority, including grants or contributions from the federal government or other sources, which bonds may be sold at not less than ninety-eight percent of par plus the interest accrued on the bonds to the date of the delivery thereof. There shall be no interest rate ceiling on those issues sold at public sale.Source: SL 1976, ch 303, § 13.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
