Section 46A-7A-90 - Fiscal year borrowing against anticipated revenue--Maturity. - South Dakota Statutes

46A-7A-90. Fiscal year borrowing against anticipated revenue--Maturity. Within any fiscal year of the district the board, by resolution, may borrow against revenues anticipated to be received during that fiscal year and not otherwise encumbered. The borrowings shall mature not later than the first day of the following fiscal year. The borrowings may be made either by public notice or may be negotiated, as the board may prescribe.

Source: SL 1985, ch 360, § 90.