Section 46A-7A-89 - Temporary borrowing after approval and prior to sale of bonds--Repayment--Maximumamount. - South Dakota Statutes

46A-7A-89. Temporary borrowing after approval and prior to sale of bonds--Repayment--Maximum amount. After approval of district bonds at a district election but prior to initial sale of any bonds as provided under the provisions of § 46A-7A-120, the district may make temporary borrowings to be repaid from the initial bond sale, but such borrowings may not exceed fifty percent of the total amount of bonds authorized.

Source: SL 1985, ch 360, § 89.