South Dakota Statutes

§ 9-21-31 — Capital replacement reserve fund authorized.

South Dakota·Title 9 MUNICIPAL GOVERNMENT·Ch. 9-18 TAX LEVIES AND APPROPRIATIONS
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
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