South Dakota § 46A-1-21 - Interim financing--Proceeds pledged as security--Assignment to district of rights to proceeds.
Full text of South Dakota South Dakota Codified Laws § 46A-1-21 — Interim financing--Proceeds pledged as security--Assignment to district of rights to proceeds., with citation guidance and answers to common questions.
§ 46A-1-21. Interim financing--Proceeds pledged as security--Assignment to district of rights to proceeds.
Any interim financing arrangement under § 46A-1-18 shall provide that the person or public entity receiving the proceeds of such interim financing shall pledge and dedicate the proceeds of its loan or grant from the United States as security for the interim notes issued pursuant to the financing arrangement. In addition, the execution of any interim financing arrangement under § 46A-1-18 shall constitute an assignment to the district of the right to receive the proceeds of the federal loan or grant so far as is necessary to secure the interim notes issued pursuant to the arrangement and in preference to any other obligation whatsoever of the person or public entity receiving the interim financing.
Source: SL 1979, ch 301, § 13; SDCL Supp, § 46-17A-23.4.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 46A-1-21
What does South Dakota Codified Laws § 46A-1-21 cover?
Section 46A-1-21 ("Interim financing--Proceeds pledged as security--Assignment to district of rights to proceeds.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 46A-1-21?
A common citation format is "South Dakota Codified Laws § 46A-1-21" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 46A-1-21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.