6-8B-40. Refunding bonds not payable from same source as bonds being refunded--Election required.
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/sd/title-6/chapter-6-8/6-8b-40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No outstanding bonds may be refunded by an issue of refunding bonds unless either the outstanding bonds and the refunding bonds are payable from the same fund or source or the question of the issuance of the refunding bonds is submitted to and approved by the voters of the public body in accordance with §§ 6-8B-2 to 6-8B-8 , inclusive.