5-12-27.2. Amount of refunding bonds.
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/sd/title-5/chapter-5-12/5-12-27-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Building Authority may issue negotiable refunding bonds under §§ 5-12-27.1 to 5-12-27.4 , inclusive, to refund bonds at or prior to their maturity or which by their terms are subject to redemption before maturity, or both, in an amount necessary to refund:
(1)The principal amount of the bonds to be refunded;
(2)The interest to accrue up to and including the maturity date or dates, or to the next succeeding redemption date thereof; and
(3)The applicable redemption premiums, if any.