2012 South Dakota Codified Laws
Title 9 MUNICIPAL GOVERNMENT
Chapter 21. Tax Levies And Appropriations
§9-21-32 Internal service fund for equipment purchases authorized--Equipment defined.


SD Codified L § 9-21-32 (through 2012) What's This?


9-21-32. Internal service fund for equipment purchases authorized--Equipment defined. The governing body of a municipality may by resolution create an internal service fund to provide for the acquisition of equipment. Moneys may be budgeted and transferred to the fund from any source which may lawfully be used for such purpose, including equipment usage charges on any municipal department or agency. For purposes of this section, the term, equipment, includes machinery, motor vehicles, and any other equipment or personal property.

Source: SL 2005, ch 51, § 1.

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