South Dakota Statutes
§ 9-21-14.1 — Accumulation of funds for capital outlay purposes--Maximum amount.
South Dakota § 9-21-14.1
This text of South Dakota § 9-21-14.1 (Accumulation of funds for capital outlay purposes--Maximum amount.) 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 § 9-21-14.1 (2026).
Text
The governing body of a municipality may by resolution authorize the accumulation of funds for a period longer than one year for specific capital outlay purposes otherwise authorized by law. For the purpose of this section, capital outlay purposes means purposes which result in the acquisition of or additions to plant, or equipment, including expenditures for land, existing facilities, improvement of grounds, construction of facilities, additions to facilities, remodeling of facilities, or for the purchase of equipment. The governing body shall establish a maximum amount allowed to be accumulated in the fund.
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Legislative History
SL 1979, ch 55, § 1; SL 1980, ch 68, § 1; SL 1989, ch 75, § 1; SL 2016, ch 53, § 2.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 9-21-14.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/9-21-14.1.