South Dakota Codified Laws 9-43-124. Restriction on transfer of special assessment moneys to other municipal fund
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No special assessment moneys may be transferred to any other fund of the municipality until all general obligation bonds issued to create or maintain the special assessments have been fully paid with interest.
Terms Used In South Dakota Codified Laws 9-43-124
- 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, § 52.