South Dakota Statutes
§ 9-21-12 — Authorization of depreciation reserve within proprietary fund.
The governing body of a municipality may by resolution create a depreciation reserve within each proprietary fund, as necessary, not to exceed the accumulated depreciation of the fixed assets of the respective fund.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 9-21-12 (Authorization of depreciation reserve within proprietary fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1951, ch 247, § 1; SDC Supp 1960, § 45.0201-1 (9); SL 1978, ch 62, § 8; SL 1991, ch 72.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.