South Dakota § 49-39-5 Payment of pledged revenues into special fund--Use of revenues--Designation of depository.

South Dakota Statutes

§ 49-39-5 — Payment of pledged revenues into special fund--Use of revenues--Designation of depository.

South Dakota § 49-39-5

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-39CONSUMERS POWER DISTRICT BORROWING AND INDEBTEDNESS

This text of South Dakota § 49-39-5 (Payment of pledged revenues into special fund--Use of revenues--Designation of depository.) 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 § 49-39-5 (2026).

Text

Any resolution or agreement pursuant to § 49-39-2 may provide that all or any part of the revenues of the district shall be paid into a special fund, and may set forth all the terms and conditions on which such special fund is to be collected, held and disposed of, whether partly or wholly for the benefit of the holders of such revenue debentures, notes, warrants, or other evidences of indebtedness. Provision may be made that such special fund shall be held by depositories designated or described in such resolution or agreement.

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Any resolution or agreement pursuant to § 49-39-2 may provide that all or any part of the revenues of the district shall be paid into a special fund, and may set forth all the terms and conditions on which such special fund is to be collected, held and disposed of, whether partly or wholly for the benefit of the holders of such revenue debentures, notes, warrants, or other evidences of indebtedness. Provision may be made that such special fund shall be held by depositories designated or described in such resolution or agreement.