South Dakota Codified Laws 41-17-9. Bond obligation restricted to revenues pledged
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No bond, indebtedness, or obligation incurred or created under the authority of this chapter constitutes a lien, charge, or liability against the State of South Dakota, nor against the Game, Fish and Parks Commission, nor against the property or funds of this state except to the extent of the income authorized in § 41-17-6 to be pledged.
Terms Used In South Dakota Codified Laws 41-17-9
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1959, ch 108, § 5; SDC Supp 1960, § 25.0129; SL 2009, ch 206, § 101.