Restriction on use of bonds for elderly housing projects.

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  2. South Dakota Codified Laws
  3. Municipal Government
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  5. Restriction on use of bonds for elderly housing projects.

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9-54-2.2. Restriction on use of bonds for elderly housing projects.

Any housing for the elderly financed by revenue bonds shall be operated by either a nonprofit corporation or a corporation wholly owned, either directly or indirectly, by a nonprofit corporation.

Source: SL 1981, ch 77, §9; SL 1984, ch 62; SL 1990, ch 67; SL 1991, ch 76.


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