The board of directors of any irrigation district in this state sustaining contractual relations with the United States may borrow funds for the purpose of making any necessary payments on the contracts, and may pledge the credit of the district for the payment of the contracts.
S.D. Codified Laws § 46A-6-39
Borrowing to make payments on federal contracts
Source: SDC 1939, § 61.0814; SDCL § 46-14-38; SL 2011, ch 165, § 408.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.