South Dakota Codified Laws
Chapter 08B - Bonds of Local Public Bodies
Section 6-8B-41 - Combinations subject to more than one debt limit prohibited.

South Dakota Codified Laws

Title 6 - Local Government Generally

Chapter 08B - Bonds of Local Public Bodies

Section 6-8B-1 - Definitions.

Section 6-8B-2 - Election required for issuance.

Section 6-8B-3 - Resolution or ordinance declaring necessity of bond issue--Contents--Election.

Section 6-8B-4 - Notice of election.

Section 6-8B-5 - Ballot form.

Section 6-8B-6 - Improvement--Authorization of bonds for purchase or construction--Expenditures authorized.

Section 6-8B-7 - School, street, or utility improvements--Authorization of bonds.

Section 6-8B-8 - Issuance of bonds on approval by voters.

Section 6-8B-9 - Issuance, form, and terms of bonds.

Section 6-8B-10 - Public or private sale--Notice and procedure for public sale.

Section 6-8B-11 - Single issue of bonds separately approved.

Section 6-8B-12 - Interest rate.

Section 6-8B-13 - Disposition of proceeds.

Section 6-8B-14 - Negotiable investment security status.

Section 6-8B-15 - Powers as issuer of negotiable investment securities.

Section 6-8B-16 - Agents for authentication, transfer, registration, payment, and other functions--Central depository system.

Section 6-8B-17 - Authentication of bonds--Signatures--Seal.

Section 6-8B-18 - Registration books--Disclosure of information.

Section 6-8B-19 - Information filed with secretary of state by issuer.

Section 6-8B-20 - Costs of issuance and sale.

Section 6-8B-21 - Signature by resident attorney.

Section 6-8B-22 - Invalidity of bonds without attorney's signature.

Section 6-8B-23 - Notice of redemption.

Section 6-8B-24 - Replacement of lost, stolen, or destroyed bonds.

Section 6-8B-25 - Tax exemption.

Section 6-8B-26 - Anticipation notes--When issuance authorized.

Section 6-8B-27 - Anticipation notes--Amount--Term.

Section 6-8B-28 - Anticipation notes--Payment--Issuance of bonds required--Exchange--Redemption.

Section 6-8B-29 - Anticipation notes--Bond provisions applicable.

Section 6-8B-30 - Refunding bonds without election--Purposes.

Section 6-8B-32 - Voluntary surrender required to refund bonds not maturing or callable for twenty-five years--Provision for payment.

Section 6-8B-33 - Approvals required for refunding bonds of issuer divided into other public bodies.

Section 6-8B-34 - Refunding after detachment of land from issuer.

Section 6-8B-35 - Maximum amount of refunding bonds.

Section 6-8B-36 - Maximum aggregate indebtedness of issuer.

Section 6-8B-37 - Bonds not included in computation of aggregate indebtedness.

Section 6-8B-38 - Combining outstanding issues for refunding--Combining refunding and other purposes--Issue in series.

Section 6-8B-39 - Bonds payable from different sources--Refunding by single issue prohibited.

Section 6-8B-40 - Refunding bonds not payable from same source as bonds being refunded--Election required.

Section 6-8B-41 - Combinations subject to more than one debt limit prohibited.

Section 6-8B-42 - Issuance and sale of refunding bonds.

Section 6-8B-43 - Conclusiveness of determination that limitations have been met.

Section 6-8B-44 - Recital of authority for issuance--Incontestability after delivery for value.

Section 6-8B-45 - Exchange or sale.

Section 6-8B-46 - Disposition of proceeds of sale--Escrow.

Section 6-8B-47 - Escrow including other funds.

Section 6-8B-48 - Investment of escrow funds--Amount required in escrow--Appropriation--Verification.

Section 6-8B-49 - Purchaser not responsible for application of proceeds.

Section 6-8B-50 - Disposition of accrued interest and premiums received on sale.

Section 6-8B-51 - Outstanding bonds unaffected.

Section 6-8B-52 - Chapter of full authority--Additional to other laws.

Section 6-8B-53 - Issuance of crossover refunding bonds--Deposit of proceeds in debt service fund--Maintenance of fund--Taxes levied and appropriated for payment of refunding bonds.

Section 6-8B-54 - Securities purchased for debt service fund limited.

Section 6-8B-55 - Definition of terms.

Section 6-8B-56 - Issuance of credit enhancement obligation--Conditions.

Section 6-8B-57 - Debt service reserve fund or credit facility.

Section 6-8B-58 - Issuance of credit enhancement obligation--Findings and determinations of chapter 1-16A.

Section 6-8B-59 - Referendum.

Section 6-8B-60 - Form of covenants or pledges.

Section 6-8B-61 - Agreements with health and educational facilities authority or other financial institution entered into by state entities.

Section 6-8B-62 - Credit enhancement obligations irrepealable until fully paid.

Section 6-8B-63 - Determination by governing body on limitations conclusive absent fraud or abuse.

Section 6-8B-64 - Ad valorem taxes--Limit.

Section 6-8B-65 - Agreements with health and educational facilities authority or other financial institution entered into by municipality or county--Provisions--Interest deemed perfected.

Section 6-8B-66 - Aggregate indebtedness of municipality or county--Limit--Calculation.

Section 6-8B-67 - Tax or revenue anticipation notes--Limit.

Section 6-8B-68 - Obligation subject to provisions of §§ 6-8B-9 to 6-8B-22, inclusive.

Section 6-8B-69 - Exemption from registration under chapter 47-31B.