A commission shall have further power to procure or agree to the procurement of federal or state government insurance or guaranties of the payment of any bonds or parts thereof issued by a commission, including the power to pay premiums on such insurance or guaranties.
S.D. Codified Laws § 11-7-39
Power to obtain federal or state guaranty of bonds--Premiums
Known as the County and Municipal Housing and Redevelopment Law
The act spans §§ 11–11 (112 sections).
Source: SL 1950 (SS), ch 13, § 7, subdiv 3 (14); SDC Supp 1960, § 45.3607 (3) (n).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.