South Dakota Statutes

§ 9-40-28 — Rates to cover bond retirement and operational costs.

South Dakota § 9-40-28
JurisdictionSouth Dakota
Title 9MUNICIPAL GOVERNMENT
Ch. 9-40UTILITY FACILITIES AND REVENUE BONDS

This text of South Dakota § 9-40-28 (Rates to cover bond retirement and operational costs.) 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 § 9-40-28 (2026).

Text

The rates to be charged for the service from such utility shall be sufficient to provide for the payment of interest upon all bonds and to create a debt service fund to pay the principal thereof as and when the same becomes due, and to provide for the operation and maintenance and repairs thereof and depreciation, and shall be revised from time to time so as to produce these amounts.

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Legislative History

SL 1931, ch 194, § 9; SDC 1939, § 45.2409; SL 1949, ch 191, § 4.

Nearby Sections

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Bluebook (online)
South Dakota § 9-40-28, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/9-40-28.