A default on the bonds or obligations of a district does not constitute a debt or obligation of a local government or the state.
S.D. Codified Laws § 7-25A-29
Default not to constitute debt or obligation of local government or state
Source: SL 1989, ch 59, § 29.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.