Section 49-16B-23 - Negotiable revenue bonds--Resolution for issuance--Legislative approval. - South Dakota Statutes

49-16B-23. Negotiable revenue bonds--Resolution for issuance--Legislative approval. The authority may at one time, or from time to time, provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying all or any part of the cost of one or combination of projects. However, no revenue bonds may be sold to raise the funds for payment of such project until after the Legislature by law declares the same to be in the public interest.

Source: SL 1980, ch 323, § 22.