13-5-32. Cooperative educational service units--Powers--Authorization to issue notes.
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/sd/title-13/chapter-13-5/13-5-32A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 .