24:59:04:05Maturity
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
term of bonds issued. When considering approval of new bonds for lease purchase agreement, the Board of Technical Education may set a target maturity term of thirty years. The amortization cannot exceed one hundred and twenty percent (120%) of the weighted average useful life of the asset.
Source: 40 SDR 40, effective September 11, 2013; Readopted from § 24:10:46:05, 44 SDR 184, effective June 25, 2018.