46A-6-39. Borrowing to make payments on federal contracts.The board of directors of any irrigation district in this state sustaining contractual relations with the United States may borrow funds for the purpose of making any necessary payments on the contracts, and may pledge the credit of the district for the payment of the contracts. Source: SDC 1939, §61.0814; SDCL §46-14-38; SL 2011, ch 165, §408.
South Dakota Legal Code