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Statutes > South Dakota Laws > Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS > Chapter 12 - South Dakota Building Authority > Section 5-12-22 - Terms and interest rate of bonds.

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SOUTH DAKOTA STATUTES AND CODES

Section 5-12-22 - Terms and interest rate of bonds.

5-12-22. Terms and interest rate of bonds. All such bonds shall mature within twenty-five years from date and shall bear interest at a rate to be negotiated and may be sold by the Building Authority in such manner as it may deem to be in the best public interest.

Source: SL 1967, ch 276, § 6; SL 1970, ch 39; SL 1980, ch 47, § 5; SL 1983, ch 28, § 5; SL 1988, ch 50, § 7.

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