Any housing for the elderly financed by revenue bonds shall be operated by either a nonprofit corporation or a corporation wholly owned, either directly or indirectly, by a nonprofit corporation. Source: SL 1981, ch 77 , § 9; SL 1984, ch 62 ; SL 1990, ch 67 ; SL 1991, ch 76 .
Restriction on use of bonds for elderly housing projects
SDCL § 9-54-2.2 — under ECONOMIC DEVELOPMENT PROJECTS.
SDCL § 9-54-2.2