7-21-16.6. Notes not paid in full within term.
55 words·~1 min read·
/sd/title-7/chapter-7-21/7-21-16-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a note authorized by §§ 7-21-16.2 to 7-21-16.5 , inclusive, has been issued and not paid in full within the term provided in § 7-21-16.2 , no cash receipts may be expended for any purpose except the retirement of principal and interest of notes outstanding against that fund, until all such notes are retired.