S.D. Codified Laws § 11-9-30

Methods of paying project costs

Applied in 1 court decision — leading case Meierhenry v. City of Huron (1984)

Most recently applied in Meierhenry v. City of Huron (June 1984)

Source: SL 1978, ch 91, § 20; SL 2011, ch 73, § 8; SL 2018, ch 70, § 31; SL 2024, ch 45, § 12.

Payment of project costs may be made by any of the following methods or by any combination of methods:

(1) Payment by the political subdivision from the special fund of the district;

(2) Payment out of the funds of the political subdivision;

(3) Payment out of the proceeds of the sale of municipal bonds issued by the municipality under chapter 10-52 or 10-52A, or both;

(4) Payment out of the proceeds of revenue bonds issued by the political subdivision under chapter 9-54; or

(5) Payment out of the proceeds of the sale of tax increment bonds issued by the political subdivision under this chapter.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.