Code · South Dakota · Title 31 · Chapter 31-10

31-10-9. Agreement for purchase or construction--Payments--Interest.

51 words·~1 min read·/sd/title-31/chapter-31-10/31-10-9

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any agreement entered into under §§ 31-10-2 to 31-10-11 , inclusive, by the department, for the purchase or construction of any bridge, may provide for one or more annual payments, but not exceeding ten. A reasonable rate of interest may be paid on deferred installments to be paid under any agreement.