South Dakota Statutes
§ 9-44-7 — Municipal agreement as to water and sewer service charges--Adequacy of rates.
In the case of water and sewer improvements undertaken pursuant to chapters 9-47 and 9-48 , the municipality may agree to establish, impose, and collect just and equitable charges for services furnished by such improvement or improvements, and to pledge and appropriate all or any portion of the net revenues derived from such charges to the improvement fund for payment of municipal improvement bonds and interest. The municipality may further agree to establish and maintain such rates as shall at all times be at least sufficient to produce net revenue which, together with collections of assessments and taxes, will be adequate to pay the principal of and interest on each and all of the bonds as such principal and interest become due. In connection with such service charges, the governing body
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South Dakota § 9-44-7 (Municipal agreement as to water and sewer service charges--Adequacy of rates.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1947, ch 219, § 4; SDC Supp 1960, § 45.21A04 (2); SL 1980, ch 26, § 20.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.