Issuance of credit enhancement obligation--Findings and determinations of chapter 1-16A.

  1. Law
  2. South Dakota Codified Laws
  3. Local Government Generally
  4. Bonds of Local Public Bodies
  5. Issuance of credit enhancement obligation--Findings and determinations of chapter 1-16A.

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6-8B-58. Issuance of credit enhancement obligation--Findings and determinations of chapter 1-16A.

Any resolution or ordinance of a municipality or county approving the issuance of a credit enhancement obligation shall require that the health and educational facilities authority make the findings and determinations required by chapter 1-16A with respect to the credit enhancement obligation prior to the issuance and delivery of the credit enhancement obligation and the bonds or other obligations to be secured thereby.

Source: SL 1992, ch 3, §7.


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