Nothing in this chapter authorizes the authority or any department, board, commission, or other agency to create an obligation of the State of South Dakota within the meaning of the Constitution or statutes of South Dakota.

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Terms Used In South Dakota Codified Laws 49-16B-29

  • 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: SL 1980, ch 323, § 28; SL 2010, ch 145, § 198.

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