State Codes and Statutes

Statutes > South-dakota > Title-9 > Chapter-25 > Statute-9-25-14

9-25-14. Borrowing limit reduced by outstanding warrants and notes. 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 § 9-25-13 shall be reduced by the amount of such outstanding warrants or promissory notes.

Source: SL 1978, ch 63, § 3.

State Codes and Statutes

Statutes > South-dakota > Title-9 > Chapter-25 > Statute-9-25-14

9-25-14. Borrowing limit reduced by outstanding warrants and notes. 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 § 9-25-13 shall be reduced by the amount of such outstanding warrants or promissory notes.

Source: SL 1978, ch 63, § 3.