There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 9 MUNICIPAL GOVERNMENT
Chapter 21. Tax Levies And Appropriations
§9-21-31 Capital replacement reserve fund authorized.
SD Codified L § 9-21-31 (through 2012) What's This?
9-21-31. Capital replacement reserve fund authorized. The governing body of a municipality may by ordinance create a capital replacement reserve fund or account for general fixed assets, not to exceed fifty percent of the value of the general fixed assets.
Source: SL 1994, ch 69, § 1.
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