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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 9-21-27: Transfer of bond redemption funds allowed if certain amount is retained.

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Where this section sits in the code
  1. TITLE 9. MUNICIPAL GOVERNMENT
  2. CHAPTER 9-21. TAX LEVIES AND APPROPRIATIONS

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.

Collected 2026-09-03T15:18:56Z. Source file · JSON

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