There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 9 MUNICIPAL GOVERNMENT
Chapter 21. Tax Levies And Appropriations
§9-21-27 Transfer of bond redemption funds allowed if certain amount is retained.
SD Codified L § 9-21-27 (through 2011) What's This?
9-21-27. Transfer of bond redemption funds allowed if certain amount is retained. No balance remaining at the end of any fiscal year in any fund raised for the purpose of paying the principal or interest upon the bonded indebtedness of the municipality may be transferred to any other fund unless enough money is retained in the fund to retire all outstanding bonds and to pay any interest which will accrue on the bonds.
Source: SL 1913, ch 119, § 118; RC 1919, § 6341; SDC 1939, § 45.1413; SL 1939, ch 187; SL 1955, ch 204; SL 1965, ch 213; SL 1988, ch 77.
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