6-8B-35. Maximum amount of refunding bonds.
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/sd/title-6/chapter-6-8/6-8b-35A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The principal amount of the refunding bonds may not exceed the amount necessary to retire the refunded bonds with interest, pursuant to § 6-8B-46 , or, as to crossover refunding bonds, pursuant to §§ 6-8B-53 and 6-8B-54 , plus any costs or expenses associated with the refunding and the issuance of the refunding bonds.