South Dakota § 9-40-34 Judicial approval of rates charged during receivership--Criteria for establishment of rates.

South Dakota Statutes

§ 9-40-34 — Judicial approval of rates charged during receivership--Criteria for establishment of rates.

South Dakota § 9-40-34

Title 9MUNICIPAL GOVERNMENT

Ch. 9-40UTILITY FACILITIES AND REVENUE BONDS

This text of South Dakota § 9-40-34 (Judicial approval of rates charged during receivership--Criteria for establishment of rates.) 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 § 9-40-34 (2026).

Text

The court appointing the receiver authorized by § 9-40-33 shall first approve such rates and in doing so the receiver and the court shall take into consideration the capital cost of such utility and the expenses reasonably required to operate and maintain the utility as well as any schedule of rates previously adopted by such municipality or fixed by a valid contract between the first or second class municipality and any third persons.

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The court appointing the receiver authorized by § 9-40-33 shall first approve such rates and in doing so the receiver and the court shall take into consideration the capital cost of such utility and the expenses reasonably required to operate and maintain the utility as well as any schedule of rates previously adopted by such municipality or fixed by a valid contract between the first or second class municipality and any third persons.