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92 chapters · 1,362 sections in this title.
SDCL § 13-19-1 School board power to borrow on notes--Authorization, issuance and sale--Maximum term
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Any school board may borrow money, from any source willing to lend the money, by issuing a promissory note subject to the limitations and regulations set forth in §§ 13-19-2 to 13-19-6 , inclusive. All notes shall be authorized, issued, and sold in accordance with the provisions …
SDCL § 13-19-1.2 Issuance and sale of notes to health and educational facilities authority--Exemption from competitive bids
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A school district may issue and sell or pledge its notes to the health and educational facilities authority or the authority's designated agent or trustee. School districts may enter into contracts and agreements with the health and educational facilities authority to effectuate …
SDCL § 13-19-2 Amount borrowed on notes limited by anticipated receipts
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Except for obligations to the state, including the health and educational facilities authority, or federal government, the money borrowed pursuant to § 13-19-1 may not exceed the sum of ninety - five percent of the amount of taxes levied or proposed to be levied by the school boa…
SDCL § 13-19-27 Financing arrangements for capital improvements and expenditures incident to consolidation
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Any school district may enter into lease-purchase agreements or other financing arrangement with or issue capital outlay certificates that are secured by a pledge of state aid to education funds in connection with a program sponsored by the Health and Educational Facilities Autho…
