No two or more issues or parts of issues of outstanding bonds may be refunded by a single issue of refunding bonds unless all of the outstanding bonds are payable from the same fund or source.
S.D. Codified Laws § 6-8B-39
Bonds payable from different sources--Refunding by single issue prohibited
Source: SL 1984, ch 43, § 34A.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.