There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 46A WATER MANAGEMENT
Chapter 18. Water Project Districts
§46A-18-53 Warrants issued in anticipation of tax or special assessment collections.
SD Codified L § 46A-18-53 (through 2011) What's This?
46A-18-53. Warrants issued in anticipation of tax or special assessment collections. Following a favorable vote as provided in § 46A-18-45 and in anticipation of tax or special assessment collections, the directors may issue no-fund warrants to pay district obligations. However, the outstanding amounts of such no-fund warrants may not exceed the product of one dollar per thousand dollars of taxable valuation times the assessed valuation of the taxable real property within the district.
Source: SL 1984, ch 293, § 52; SL 1990, ch 366, § 14.
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