2012 South Dakota Codified Laws
Title 46A WATER MANAGEMENT
Chapter 07A. Cendak Irrigation District
§46A-7A-131 Cancellation of assessment.

46A-7A-131. Cancellation of assessment. If the district has levied an assessment and the board determines that the assessment, together with interest on the assessment, will provide an amount greater than is required to meet all obligations incurred for the purposes for which the assessment was levied, the board, if no bonds are outstanding, by resolution may declare its intention to cancel all or any portion of the assessment balance. For purposes of this section, the term, assessment balance, means the assessment and the interest on the assessment. The board, subject to limitations provided in this chapter, may cancel the assessment balance, including the interest thereon, a part of the assessment and the interest thereon, all of the interest on the assessment or a part of the interest on the assessment.

Source: SL 1985, ch 360, § 131; SL 2011, ch 165, § 458.