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Code · South Dakota · Title 7 · Chapter 7-21

7-21-16.4. Reduction of borrowing limit for outstanding warrants or promissory notes.

39 words·~1 min read·/sd/title-7/chapter-7-21/7-21-16-4

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If any registered warrants or promissory notes are outstanding against the fund for which the money is to be borrowed, the borrowing limit specified in § 7-21-16.3 is reduced by the amount of the outstanding warrants or promissory notes.
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