13-5-32. Cooperative educational service units--Powers--Authorization to issue notes.
A cooperative educational service unit may carry out the services stated in the cooperative agreement but may not levy taxes or issue bonds. However, a cooperative educational service unit may issue notes to be sold to the health and educational facilities authority or otherwise borrow money in connection with a program sponsored by the health and educational facilities authority pursuant to §1-16A-75.
Source: SL 1980, ch 119, §2; SL 1991, ch 124, §1.
Structure South Dakota Codified Laws
Chapter 05 - Types And Organization Of School Districts
Section 13-5-1 - School districts defined--General corporate and proprietary powers.
Section 13-5-2 - Types of school districts abolished--New boards for former superimposed districts.
Section 13-5-15 - School districts as corporations--Form of name.
Section 13-5-16 - Naming and numbering of school districts.
Section 13-5-29 - Vested contract rights not impaired.
Section 13-5-31 - Cooperative educational service units.
Section 13-5-32 - Cooperative educational service units--Powers--Authorization to issue notes.
Section 13-5-35 - Formation of new school district--Requirements.