South Dakota Statutes

§ 46A-18-53 — Warrants issued in anticipation of tax or special assessment collections.

South Dakota·Title 46A WATER MANAGEMENT·Ch. 46A-17 WATER PROJECT DISTRICTS
Following a favorable vote as provided in § 46A-18-45 and in anticipation of tax or special assessment collections, the directors may issue no - fund warrants to pay district obligations. However, the outstanding amounts of such no - fund warrants may not exceed the product of one dollar per thousand dollars of taxable valuation times the assessed valuation of the taxable real property within the district.

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South Dakota § 46A-18-53 (Warrants issued in anticipation of tax or special assessment collections.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1984, ch 293, § 52; SL 1990, ch 366, § 14.

Nearby Sections

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