South Dakota Codified Laws 7-25A-29. Default not to constitute debt or obligation of local government or state
Current as of: 2023 | Check for updates
|
Other versions
A default on the bonds or obligations of a district does not constitute a debt or obligation of a local government or the state.
Terms Used In South Dakota Codified Laws 7-25A-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 1989, ch 59, § 29.