South Dakota § 6-20-6 Revenues available for operation and maintenance of airport--Taxing power not used to liquidate bonds--Exceptions.

South Dakota Statutes

§ 6-20-6 — Revenues available for operation and maintenance of airport--Taxing power not used to liquidate bonds--Exceptions.

South Dakota § 6-20-6

Title 6LOCAL GOVERNMENT GENERALLY

Ch. 6-20AIRPORT REVENUE BONDS

This text of South Dakota § 6-20-6 (Revenues available for operation and maintenance of airport--Taxing power not used to liquidate bonds--Exceptions.) 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 § 6-20-6 (2026).

Text

The pledge of revenues made by the initial resolution shall be sufficient to pay the interest and the principal thereof when due, and shall be irrepealable until the bonds and the interest are paid, and that the revenues not pledged and the taxes levied by the municipality or county within the limitations prescribed by law for airport purposes shall be sufficient to provide for payment of all costs necessarily incurred in the operation, administration and maintenance of the airport and the continued ownership and operation of the facilities whose revenues are pledged, until the bonds and interest are fully paid. Accordingly, the taxing powers of any municipality or county issuing such bonds shall never be used, directly or indirectly, for the payment of either the principal thereof or the 

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The pledge of revenues made by the initial resolution shall be sufficient to pay the interest and the principal thereof when due, and shall be irrepealable until the bonds and the interest are paid, and that the revenues not pledged and the taxes levied by the municipality or county within the limitations prescribed by law for airport purposes shall be sufficient to provide for payment of all costs necessarily incurred in the operation, administration and maintenance of the airport and the continued ownership and operation of the facilities whose revenues are pledged, until the bonds and interest are fully paid. Accordingly, the taxing powers of any municipality or county issuing such bonds shall never be used, directly or indirectly, for the payment of either the principal thereof or the interest thereon or any part thereof, except as herein expressly provided.