9-54-3. "Revenue bonds" defined.
81 words·~1 min read·
/sd/title-9/chapter-9-54/9-54-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Revenue bonds, as the term is used in this chapter, are bonds to be paid exclusively from the revenue produced by the project financed by the use of the proceeds thereof, including but not limited to payments due under any revenue agreement, or under any bond or other obligation issued in payment therefor or any mortgage, pledge, or security agreement given with respect to the project or any other property of the lessee, purchaser, or borrower with respect to the project.