South Dakota Codified Laws 34-48A-43. Matching federal moneys–Deferring local obligation
Current as of: 2023 | Check for updates
|
Other versions
If an emergency management special revenue fund has been established, in accordance with this chapter, and the moneys in the fund are insufficient to pay the full amount of a proposed purchase under a federal matching funds project, the county or district may request an advance of federal funds to be deposited in the special revenue fund to permit the payment of the full amount of the obligation when due.
Terms Used In South Dakota Codified Laws 34-48A-43
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Source: SDC Supp 1960, § 41.01C10 (4) as added by SL 1964, ch 117; SL 1977, ch 271, § 33; SL 1992, ch 236, § 18; SDCL § 33-15-32.