S.D. Codified Laws § 46A-1-33.1
This is the official text of S.D. Codified Laws § 46A-1-33.1, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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District may contract to manage payment or interest rate risk for bonds
Official statutory text
The district may enter into any contract that the district determines necessary or appropriate to manage payment or interest rate risk for bonds issued pursuant to this chapter, the investment of proceeds, or other funds of the district. The contracts may include: interest rate exchange agreements; contracts providing for payment or receipt of funds based on levels of or changes in interest rates; contracts to exchange cash flows or series of payments; or contracts incorporating interest rate caps, collars, floors, or locks.
Source: SL 2003, ch 10, § 6.
Source: SL 2003, ch 10, § 6.
Status: in_force · Read it on the official government site
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