46A-1-49. Financing agreements to lend bond proceeds--Board resolution.In addition to its other powers, the district may, by appropriate resolution of the Board of Water and Natural Resources, enter into financing agreements with any public entity or person to loan the proceeds of the district's bonds to any public entity or person for a project within or without a water development district, subject to the requirement of §46A-2-20, without regard to the limitations, provisions, or requirements of any other law except chapter 46A-2 and this chapter. The persons or public entities receiving this financing may apply the borrowed funds to the project without further authorization of the project by the Legislature. Source: SL 1980, ch 310, §2; SDCL Supp, §46-17A-46.1; SL 1984 (SS), ch 1, §64; SL 2011, ch 165, §304.
South Dakota Legal Code