Contemporaneously with the issue of revenue bonds as provided by this chapter, all interim notes, even though they may not then have matured, shall be paid, both principal and interest to date of payment, from the funds derived from the sale of revenue bonds for the permanent financing and such interim notes shall be surrendered and canceled.
S.D. Codified Laws § 13-51A-12
Payment of interim notes on issuance of bonds
Known as the Board of Regents Revenue Bond Act
The act spans §§ 13–13 (44 sections).
Source: SL 1971, ch 134, § 4 (D).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.