South Dakota Statutes
§ 9-21-31 — Capital replacement reserve fund authorized.
The governing body of a municipality may by ordinance create a capital replacement reserve fund or account for general fixed assets, not to exceed fifty percent of the value of the general fixed assets.
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Legislative History
SL 1994, ch 69, § 1.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.