7-22-11. Annual payment of interest on outstanding warrants--Tax levy for interest payments.
The board of county commissioners may determine by resolution that interest shall be paid annually on all outstanding registered warrants of such county. When it has been so determined, said board shall, at the time and in the manner provided for the levy of taxes, make a separate and special levy of a tax sufficient to pay one year's interest on each county warrant which according to the computation of the said board will be outstanding and unpaid on the anniversary of the date thereof during the next calendar year. Such levy may be made in addition to the maximum levy otherwise allowed by law and shall be certified by the county auditor, placed on the tax roll, and collected by the county treasurer as other taxes, which funds derived from such levy shall be kept separate and apart from other tax collections and shall be used only for the purpose of paying interest on warrants as herein provided.
Source: SL 1933, ch 160, §§1, 2; SDC 1939, §12.0814.
Structure South Dakota Codified Laws
Chapter 22 - County Warrants And Disbursements
Section 7-22-2 - Warrant required for payment of claim against county.
Section 7-22-3 - Warrant required for disbursement of county funds--Contents.
Section 7-22-4 - Numbering of warrants--Record maintained by auditor.
Section 7-22-6 - Warrants paid in order of presentation.
Section 7-22-7 - Endorsement of warrant for payment by county depository.
Section 7-22-8 - Warrant register maintained by treasurer--Form and information shown.
Section 7-22-9 - Registration of warrants not paid for want of funds.
Section 7-22-10 - Interest payable on warrants not paid at time of presentation.
Section 7-22-12 - Call of outstanding warrants for annual payment of interest.
Section 7-22-16 - Purchase of warrants by treasurer prohibited--Forfeiture of amount due.
Section 7-22-18 - Payment of old checks or warrants at direction of commissioners.