Combinations subject to more than one debt limit prohibited.

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6-8B-41. Combinations subject to more than one debt limit prohibited.

No two or more issues or parts of issues of outstanding bonds or refunding bonds authorized for any other purpose or purposes may be combined in one issue where more than one constitutional or statutory debt limitation is applicable to the combination.

Source: SL 1974, ch 54, §6; SDCL Supp, §6-8A-13; SL 1984, ch 43, §35.


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