There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 49 PUBLIC UTILITIES AND CARRIERS
Chapter 39. Consumers Power District Borrowing And Indebtedness
§49-39-5 Payment of pledged revenues into special fund--Use of revenues--Designation of depository.
SD Codified L § 49-39-5 (through 2011) What's This?
49-39-5. Payment of pledged revenues into special fund--Use of revenues--Designation of depository. Any resolution or agreement pursuant to § 49-39-2 may provide that all or any part of the revenues of the district shall be paid into a special fund, and may set forth all the terms and conditions on which such special fund is to be collected, held and disposed of, whether partly or wholly for the benefit of the holders of such revenue debentures, notes, warrants, or other evidences of indebtedness. Provision may be made that such special fund shall be held by depositories designated or described in such resolution or agreement.
Source: SL 1950 (SS), ch 17, § 49; SDC Supp 1960, § 52.1749.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
