Section 46A-1-28 - Payment of interim notes on issue of revenue bonds. - South Dakota Statutes

46A-1-28. Payment of interim notes on issue of revenue bonds. Contemporaneously with the issue of revenue bonds as provided by this chapter, all interim notes, even though they may not then have matured, shall be paid, both principal and interest to date of payment, from the funds derived from the sale of revenue bonds for the permanent financing and such interim notes shall be surrendered and canceled.

Source: SL 1972, ch 241, § 31; SDCL Supp, § 46-17A-29.