46A-1-58 Refunding bonds authorized for unmatured obligations.
Refunding bonds authorized for unmatured obligations.
The district may issue
negotiable refunding bonds under the provisions of this chapter to refund bonds at or before their
maturity or which by their terms are subject to redemption before maturity, or both, in an amount
necessary to refund:
The principal amount of the bonds to be refunded;
The interest to accrue up to and including the maturity date or dates, or to the next
succeeding redemption date of the bonds; and
The applicable redemption premiums, if any.
SL 1972, ch 241, § 52; SDCL Supp, § 46-17A-51; SL 2011, ch 165, § 307.