2011 South Dakota Code
Title 1 STATE AFFAIRS AND GOVERNMENT
Chapter 16A. Health and Educational Facilities Authority
§1-16A-82 Sale of education savings bonds--Computation of aggregate principal.


SD Codified L § 1-16A-82 (through 2011) What's This?

1-16A-82. Sale of education savings bonds--Computation of aggregate principal. Education savings bonds or certificates may be sold either at a competitive or negotiated sale. For purposes of computing the aggregate principal amount of bonds or certificates issued or outstanding at any one time, education savings bonds or certificates shall be considered to be issued and outstanding in a principal amount equal to the price paid to the authority for such bonds or certificates as of the date of their sale.

Source: SL 1990, ch 10, § 5.

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