If any registered warrants or promissory notes are outstanding against the fund for which the money is to be borrowed, the borrowing limit specified in § 7-21-16.3 is reduced by the amount of the outstanding warrants or promissory notes.
S.D. Codified Laws § 7-21-16.4
Reduction of borrowing limit for outstanding warrants or promissory notes
Source: SL 2012, ch 53, § 3.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.