1-16A-81. Discounted sale of education savings bonds--Interest--Payment at maturity.
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/sd/title-1/chapter-1-16/1-16a-81A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Education savings bonds or certificates of participation may be sold at any discount to be determined by the authority, need not bear a stated rate of interest, and may be payable in one payment at maturity on a fixed date.