There is a newer version
of
this Section
2018 South Dakota Codified Laws
Title 13 - EDUCATION
Chapter 19 - School District Bonds And Notes
§ 13-19-6 Cash receipts devoted to retirement of warrants and notes when note outstanding.
Universal Citation: SD Codified L § 13-19-6 (2018)
13-19-6. Cash receipts devoted to retirement of warrants and notes when note outstanding. When a promissory note authorized by § 13-19-1 has been issued and not paid in full upon the maturity thereof, then thereafter, no cash receipts, from the collection of taxes or from the collection of tuition charges, shall be expended for any purpose except the retirement of principal and interest of registered warrants and promissory notes outstanding against the fund into which said revenue has been received, until all of said registered warrants and promissory notes shall have been retired.
Source: SL 1955, ch 41, ch 10, § 16; SDC Supp 1960, § 15.2216 (3); SL 1965, ch 48; SL 1985, ch 127, § 3.
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.
