Negotiable bonds to finance local improvement

The governing body may provide by ordinance or resolution for the issuance of negotiable bonds without a vote of the voters in an amount not exceeding the entire cost of the local improvement. The bonds shall be issued and sold as provided in chapter 6-8B . However, all bonds shall mature not later than one year after the maturity of the last assessment installment. A single issue may be sold to finance several improvements. Source: SL 2012, ch 57 , § 42.