If the county borrows money and issues bonds for the purpose of a park or project and creating bodies of water in the park or project, the expenditure is not limited to one dollar per thousand dollars of taxable valuation on the assessed valuation of the property within the county for the preceding year.
S.D. Codified Laws § 41-18-13
Maximum payment not applicable when bonds issued
Source: SDC 1939, § 12.2404; SL 2009, ch 206, § 113.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.