46A-5-20. District bonds not deposited as security for federal contract.
57 words·~1 min read·
/sd/title-46/chapter-46-5/46a-5-20A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If bonds of the district are not deposited with the United States pursuant to § 46A-5-19 , the board of directors shall include as part of any levy or assessment provided for in this title an amount sufficient to meet each year all payments accruing under the terms of any contract made pursuant to § 46A-5-18 .