Maximum amount of refunding bonds

The principal amount of the refunding bonds may not exceed the amount necessary to retire the refunded bonds with interest, pursuant to § 6-8B-46 , or, as to crossover refunding bonds, pursuant to §§ 6-8B-53 and 6-8B-54 , plus any costs or expenses associated with the refunding and the issuance of the refunding bonds. Source: SL 1974, ch 54 , § 5; SDCL Supp, § 6-8A-8; SL 1984, ch 43 , § 30; SL 1987, ch 66 , § 3.