<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-12-27.2 - Amount of refunding bonds. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034379Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2034379SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034379CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034379Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2034379DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2034379Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2034379000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034379SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034379SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2034379Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-12-27.2"><span class="s2034379SENU">5-12-27.2</span></a><span xml:space="preserve" class="s2034379SENU">. </span><span class="s2034379CL">Amount of refunding bonds.</span></p><p dir="ltr" class="s2034379Normal-000000"><span xml:space="preserve" class="s2034379DefaultParagraphFont">The Building Authority may issue negotiable refunding bonds under §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-12-27.1"><span class="s2034379DefaultParagraphFont">5-12-27.1</span></a><span xml:space="preserve" class="s2034379DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-12-27.4"><span class="s2034379DefaultParagraphFont">5-12-27.4</span></a><span class="s2034379DefaultParagraphFont">, inclusive, to refund bonds at or prior to their maturity or which by their terms are subject to redemption before maturity, or both, in an amount necessary to refund:</span></p><p dir="ltr" class="s2034379Normal-000001"><span class="s2034379DefaultParagraphFont">(1)    The principal amount of the bonds to be refunded;</span></p><p dir="ltr" class="s2034379Normal-000001"><span class="s2034379DefaultParagraphFont">(2)    The interest to accrue up to and including the maturity date or dates, or to the next succeeding redemption date thereof; and</span></p><p dir="ltr" class="s2034379Normal-000001"><span class="s2034379DefaultParagraphFont">(3)    The applicable redemption premiums, if any.</span></p><p dir="ltr" class="s2034379Normal"><span xml:space="preserve" class="s2034379000002"> </span></p><p dir="ltr" class="s2034379Normal"><span class="s2034379SCL">Source:</span><span xml:space="preserve" class="s2034379SCL-000003"> SL 1975, ch 50, § 2.</span></p></div></body></html>