There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 46A WATER MANAGEMENT
Chapter 07. Irrigation District Assessments And Levies
§46A-7-40 Expenditure from special revenue fund--Transfer of balance in inactive fund to debt service fund.
SD Codified L § 46A-7-40 (through 2012) What's This?
46A-7-40. Expenditure from special revenue fund--Transfer of balance in inactive fund to debt service fund. No expenditures may be made from the special revenue fund except for the purposes as specified in §§ 46A-7-38 and 46A-7-39. If, by resolution of the board of directors, the fund is deemed inactive, the balance remaining in the fund shall be transferred to a debt service fund to be applied upon any indebtedness that may have been incurred by the district by reason of the creation of the special revenue fund, if any exists; otherwise, the balance shall be transferred to the general fund of the district.
Source: SDC 1939, § 61.0912; SDCL § 46-15-40; SL 2011, ch 165, § 436.
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