There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 46A WATER MANAGEMENT
Chapter 07A. Cendak Irrigation District
§46A-7A-104 Capital benefit assessments--Purposes.
SD Codified L § 46A-7A-104 (through 2012) What's This?
46A-7A-104. Capital benefit assessments--Purposes. Capital benefit assessments may be levied by the district only for the following purposes:
(1) To provide security and a source of funds for payment of principal and interest on bonds issued to fund a project; or
(2) To provide security and a source of funds for payment of principal and interest on a loan for construction of a project made to the district by the United States or by the State of South Dakota, or both.
Source: SL 1985, ch 360, § 104.
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