Disposition of proceeds.

  1. Law
  2. South Dakota Codified Laws
  3. Local Government Generally
  4. Bonds of Local Public Bodies
  5. Disposition of proceeds.

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6-8B-13. Disposition of proceeds.

The proceeds derived from the sale of any bonds shall be kept as a special fund apart from the other funds of the public body and shall be used exclusively for the purpose for which the bonds were issued.

Source: SL 1984, ch 43, §13.


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