The governing body of a municipality may by ordinance create a capital replacement reserve fund or account for general fixed assets, not to exceed fifty percent of the value of the general fixed assets. Source: SL 1994, ch 69 , § 1.
SDCL § 9-21-31 — under TAX LEVIES AND APPROPRIATIONS.
SDCL § 9-21-31
The governing body of a municipality may by ordinance create a capital replacement reserve fund or account for general fixed assets, not to exceed fifty percent of the value of the general fixed assets. Source: SL 1994, ch 69 , § 1.