2016 South Dakota Codified Laws
Title 9 - MUNICIPAL GOVERNMENT
Chapter 40 - Utility Facilities And Revenue Bonds
§ 9-40-28 Rates to cover bond retirement and operational costs.
9-40-28. Rates to cover bond retirement and operational costs. The rates to be charged for the service from such utility shall be sufficient to provide for the payment of interest upon all bonds and to create a debt service fund to pay the principal thereof as and when the same becomes due, and to provide for the operation and maintenance and repairs thereof and depreciation, and shall be revised from time to time so as to produce these amounts.
Source: SL 1931, ch 194, § 9; SDC 1939, § 45.2409; SL 1949, ch 191, § 4.
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