34-10-23. Payment of bonds when debt service fund insufficient--Reimbursement from subsequent tax levies--Additional levies.
If the moneys in the debt service fund are at any time insufficient for the payment of principal and interest due on bonds of the district, such payment shall nevertheless be made from any other funds of the district available therefor, and such other funds may be reimbursed from tax levies subsequently collected. In the event that the tax initially levied is not collected in amounts sufficient to pay all principal and interest when due, additional taxes shall be levied by the board upon all taxable property within the district at the times and in the amounts required for such purpose, which levies shall not be subject to any limitation as to rate or amount.
Source: SL 1959, ch 135, §12; SDC Supp 1960, §27.19B12.
Structure South Dakota Codified Laws
Title 34 - Public Health and Safety
Chapter 10 - Public Hospital Districts
Section 34-10-1 - Purpose of chapter--Types of institutions included.
Section 34-10-4 - Joint action of county commissioners of two or more counties.
Section 34-10-5 - Notice of election on establishment of district--General election laws applicable.
Section 34-10-6 - List of electors obtained from county auditors.
Section 34-10-7 - Qualifications of electors on establishment of district.
Section 34-10-10 - Annexation of territory by district--Petition, hearing, and order.
Section 34-10-11 - Board of trustees to manage district.
Section 34-10-12 - Terms of office of trustees--Election of first board.
Section 34-10-13 - Nomination of trustees--Date and notice of elections.
Section 34-10-14 - Trustees unpaid--Vacancy on board--Records of actions.
Section 34-10-18 - Failure of bond issue on failure of district.
Section 34-10-21 - Tax levy for retirement of bonds.
Section 34-10-22 - Reduction of tax levy on payment of other moneys into debt service fund.
Section 34-10-24 - Collection of taxes levied--Transfer of collections to district treasurer.
Section 34-10-26 - Tax levy for operation and maintenance of hospital--Maximum levy.
Section 34-10-27 - Accounting for district funds--Disbursements.
Section 34-10-28 - Lease of hospital facilities to others.
Section 34-10-29 - Annual audit of district affairs--Report of audit.
Section 34-10-30 - Dissolution of district--Provision for indebtedness.
Section 34-10-31 - Effective date of dissolution--Certification as to indebtedness.