§23-2D-9. Refunding bonds.
Any workers' compensation debt reduction revenue bonds which
are outstanding may at any time be refunded by the issuance of
refunding bonds in an amount deemed necessary to refund the
principal of the bonds to be refunded, together with any unpaid
interest thereon; to accomplish the purpose of this article; and to
pay any premiums and commissions necessary to be paid in connection
therewith. Any refunding may be effected whether the workers'
compensation debt reduction revenue bonds to be refunded shall have
then matured or shall thereafter mature. Any refunding bonds
issued pursuant to this article shall be payable from the workers'
compensation debt reduction revenue bond debt service fund shall be
secured in accordance with the provisions of this article.