South Dakota § 34A-5-37 Rates and charges to be sufficient for operation of facilities and retirement of revenue bonds.

South Dakota Statutes

§ 34A-5-37 — Rates and charges to be sufficient for operation of facilities and retirement of revenue bonds.

South Dakota § 34A-5-37

Title 34AENVIRONMENTAL PROTECTION

Ch. 34A-4SANITARY DISTRICTS

This text of South Dakota § 34A-5-37 (Rates and charges to be sufficient for operation of facilities and retirement of revenue bonds.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 34A-5-37 (2026).

Text

If revenue bonds are issued in accordance with the provisions of chapter 9-40 , the sanitary district shall, until all such bonds and interest on the bonds are fully paid, fix such rates and charges and revise them from time to time in such manner that the collections of the charges will be adequate to:

(1)Pay all current, reasonable, and necessary expenses of the operation and maintenance of all facilities whose revenues are pledged for the payment of the bonds;

(2)Produce net revenues, in excess of such current costs of operation and maintenance, at all times sufficient to pay the principal and interest due on the bonds; and (3) Accumulate and maintain reserves for the further security of the bonds in such amounts as are agreed in the resolutions authorizing the bonds.

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If revenue bonds are issued in accordance with the provisions of chapter 9-40 , the sanitary district shall, until all such bonds and interest on the bonds are fully paid, fix such rates and charges and revise them from time to time in such manner that the collections of the charges will be adequate to: (1) Pay all current, reasonable, and necessary expenses of the operation and maintenance of all facilities whose revenues are pledged for the payment of the bonds; (2) Produce net revenues, in excess of such current costs of operation and maintenance, at all times sufficient to pay the principal and interest due on the bonds; and (3) Accumulate and maintain reserves for the further security of the bonds in such amounts as are agreed in the resolutions authorizing the bonds.