6-8B-39. Bonds payable from different sources--Refunding by single issue prohibited.
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/sd/title-6/chapter-6-8/6-8b-39A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No two or more issues or parts of issues of outstanding bonds may be refunded by a single issue of refunding bonds unless all of the outstanding bonds are payable from the same fund or source.