SDCL § 46A-6-19: Payment of bonds and interest--Annual assessment upon real property of district.

The bonds, and the interest on the bonds, shall be paid by revenue derived from an annual assessment upon the real property of the district. All real property of the district is liable to be assessed for such payments as provided in chapter 46A-7, and for all payments due or to become due to the United States under any contract between the district and the United States for which bonds of the district have not been deposited with the United States.

Source: SDC 1939, § 61.0903; SDCL § 46-14-18; SL 2011, ch 165, § 401.