South Dakota Codified Laws 9-43-122. Transfer of special assessment bonds to special assessment accounts
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Special assessment bonds may be transferred and appropriated to the special assessment accounts in the same manner and to the same extent as provided in § 9-43-116 for the transfer of the bonds to general obligation bond sinking funds. All collections of assessments for assessment bonds transferred shall be held in and used only for the purposes of debt retirement.
Terms Used In South Dakota Codified Laws 9-43-122
- 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 2012, ch 57, § 50.