9-43-114. Negotiable bonds to finance local improvement.
74 words·~1 min read·
/sd/title-9/chapter-9-43/9-43-114A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing body may provide by ordinance or resolution for the issuance of negotiable bonds without a vote of the voters in an amount not exceeding the entire cost of the local improvement. The bonds shall be issued and sold as provided in chapter 6-8B . However, all bonds shall mature not later than one year after the maturity of the last assessment installment. A single issue may be sold to finance several improvements.