South Dakota Codified Laws 9-43-77. Sources of funds for payment of cost of improvement
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The entire cost of a local improvement or any part of the improvement may be paid out of the funds of the municipality not otherwise appropriated, paid by funds received through any authorized financing mechanism, or the governing body may issue general obligation bonds in accordance with the provisions of chapter 6-8B.
Terms Used In South Dakota Codified Laws 9-43-77
- 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, § 5.