Bonds of a commission are declared to be issued for an essential public and governmental purpose and to be public instrumentalities and, together with interest thereon and income therefrom, shall be exempt from taxes.
S.D. Codified Laws § 11-7-99
Tax exemption of bonds
Known as the County and Municipal Housing and Redevelopment Law
The act spans §§ 11–11 (112 sections).
Source: SL 1950 (SS), ch 13, § 21; SDC Supp 1960, § 45.3621.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.