7-21-16.4. Reduction of borrowing limit for outstanding warrants or promissory 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 §7-21-16.3 is reduced by the amount of the outstanding warrants or promissory notes. Source: SL 2012, ch 53, §3.
South Dakota Legal Code