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59 chapters · 1,120 sections in this title.
SDCL § 9-44-1 Municipal improvement bonds authorized in lieu of special assessment certificates
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If the special assessments to be levied by any municipality for any local improvement or improvements are divided into installments pursuant to the provisions of chapter 9-43 , the governing body of the municipality, in lieu of issuing assessment certificates or bonds as provided…
SDCL § 9-44-10 Bonds payable from improvement fund--Negotiability--Municipal obligation limited
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All bonds shall be payable solely out of the fund of the improvement or improvements to be financed thereby but they shall be negotiable investment securities within the meaning of chapter 57A-8 . The obligation of the municipality with reference thereto shall be limited to the p…
SDCL § 9-44-11 Assessments, taxes, and revenues paid into improvement fund--Use of fund--Unexpended balance
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Into the fund of the improvement financed by municipal improvement bonds shall be paid all assessments and taxes levied on account of the improvement and any net revenues appropriated for the payment of the bonds as provided in this chapter. Moneys in said fund shall be used for …
SDCL § 9-44-2 Authorization--Issuance--Sale--Maturity
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Municipal improvement bonds shall be authorized, issued, and sold as provided in chapter 6-8B , except that all bonds shall mature not later than one year after the due date of the last assessment installment. In fixing serial maturities, the governing body shall estimate the amo…
