Section 46A-1-49 - Financing agreements to lend bond proceeds--District's powers--Waterdevelopment district approval. - South Dakota Statutes

46A-1-49. Financing agreements to lend bond proceeds--District's powers--Water development district approval. In addition to its other powers, the district may by appropriate resolution of the Board of Water and Natural Resources enter into financing agreements with any public entity or person to loan the proceeds of the district's bonds to any public entity or person for a project within or without a water development district, subject to the requirement of § 46A-2-20, without regard to the limitations, provisions or requirements of any other law except chapter 46A-2 and this chapter. The persons or public entities receiving this financing shall have the authority and power to apply the borrowed funds to the project without further authorization of such project by the Legislature.

Source: SL 1980, ch 310, § 2; SDCL Supp, § 46-17A-46.1; SL 1984 (SS), ch 1, § 64.