South Dakota Codified Laws 46A-18-53. Warrants issued in anticipation of tax or special assessment collections
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Following a favorable vote as provided in § 46A-18-45 and in anticipation of tax or special assessment collections, the directors may issue no–fund warrants to pay district obligations. However, the outstanding amounts of such no–fund warrants may not exceed the product of one dollar per thousand dollars of taxable valuation times the assessed valuation of the taxable real property within the district.
Terms Used In South Dakota Codified Laws 46A-18-53
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 1984, ch 293, § 52; SL 1990, ch 366, § 14.