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Statutes > South Dakota Laws > Title 1 - STATE AFFAIRS AND GOVERNMENT > Chapter 16A - Health and Educational Facilities Authority > Section 1-16A-42 - Bonds payable only from revenues.

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SOUTH DAKOTA STATUTES AND CODES

Section 1-16A-42 - Bonds payable only from revenues.

1-16A-42. Bonds payable only from revenues. All bonds issued by the authority shall be payable solely out of the revenues and receipts derived from the leasing or sale by the authority of the facilities concerned or of any thereof as may be designated in the resolutions of the authority under which the bonds shall be authorized to be issued or as may be designated in a trust indenture authorized by the authority.

Source: SL 1972, ch 10, § 10.

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