There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 28 PUBLIC WELFARE AND ASSISTANCE
Chapter 18. Facilities For Care Of The Aged
§28-18-14 Special fund created prior to delivery of bonds--Gross receipts pledged to fund.
SD Codified L § 28-18-14 (through 2012) What's This?
28-18-14. Special fund created prior to delivery of bonds--Gross receipts pledged to fund. Prior to delivery of any such bonds, the governing body shall by the resolutions required by § 28-18-7 create a special fund and appropriate and pledge thereto all gross receipts in respect of rentals, fees, licenses, and other charges however designated, imposed by the municipality for the use or occupancy of the facilities and of any future additions and betterments thereto or for admission of individuals to the same or any part thereof.
Source: SL 1963, ch 286, § 2.
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