{"data":{"id":"us-sd/sdcl-13-5-33.1","jurisdiction":"us-sd","citation":"SDCL § 13-5-33.1","heading":"Limitations on authority of cooperative educational service units to issue notes.","body":"Any cooperative educational service unit shall have the same powers and rights as school boards and school districts under chapter 13-19 except that any notes or other obligations issued by a cooperative educational service unit pursuant to this authorization shall be sold in connection with a program or other financing sponsored by the health and educational facilities authority pursuant to § 1-16A-75 and, in all events, the provisions of chapter 13-19 shall apply to and authorize and govern the issuance of any promissory notes by a cooperative educational service unit pursuant to this authorization. Except to the extent expressly provided to the contrary by the agreement which establishes a cooperative educational service unit, no note or other obligation issued by a cooperative educational service unit pursuant to this section shall be valid unless approved unanimously by the cooperative educational service unit board.","path":["TITLE 13. EDUCATION","CHAPTER 13-5. TYPES AND ORGANIZATION OF SCHOOL DISTRICTS"],"source_url":"https://sdlegislature.gov/Statutes/13-5-33.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"4abcf02dee70bc3e359efb8e91d535ad2842fa81d2b6fecf737937dfe835e1ce","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-13-5-33","next":"us-sd/sdcl-13-5-33.2"},"notice":"GroundRules: Original legal text. Not legal advice."}