9-39-26. Separate fund for utility receipts and disbursements--Separate accounts for each utility.
A separate fund shall be established in the municipal treasury. Into this fund shall be paid all receipts from the utility operations under the control of the municipal utility board and from it shall be paid all disbursements attributable to the utility operations under the control of the utility board. The utility board shall maintain separate accounts for each utility in such a manner that the accounting records will show proper classification of the revenues and expenditures and the true operating results for each utility.
Source: SL 1955, ch 221, §5; SDC Supp 1960, §45.3905 (1); SL 1961, ch 253.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 39 - Municipal Utilities In General
Section 9-39-3 - Contracts between municipalities for joint projects.
Section 9-39-4 - Agreements with other public bodies and utilities--Purposes.
Section 9-39-7 - Petition for placement of utility under utility board--Number of signers required.
Section 9-39-8 - Form of question on placement of utility under utility board.
Section 9-39-9 - Appointment of members of utility board.
Section 9-39-10 - Terms of office of three-member utility board.
Section 9-39-11 - Terms of office of five-member utility board.
Section 9-39-12 - Vacancies on utility board--Qualifications of members.
Section 9-39-13 - Bond required of utility board members--Payment of premium.
Section 9-39-14 - Removal of utility board members from office.
Section 9-39-15 - Salary of utility board members.
Section 9-39-16 - Rules for utility board proceedings--Monthly meetings.
Section 9-39-17 - President and secretary of utility board--Salary of secretary.
Section 9-39-18 - Time of assumption of control by utility board.
Section 9-39-19 - Extension, improvement, and operation of utility--Contracts.
Section 9-39-20 - Law applicable to utility board contracts.
Section 9-39-21 - Employment of personnel by utility board--Inclusion in civil service system.
Section 9-39-21.1 - Appointment of municipal industrial development director.
Section 9-39-22 - Purchase of supplies by utility board--Wholesale purchase of utility service.
Section 9-39-25 - Utility board powers limited by municipal powers.
Section 9-39-27 - Audit and allowance of claims against public utilities fund.
Section 9-39-28 - Warrants on municipal treasurer for disbursements from utilities fund.
Section 9-39-29 - Fiscal reports by utility board to governing body.
Section 9-39-30 - Municipal power to abolish utility board or terminate authority over utility.
Section 9-39-31 - Petition to abolish utility board or terminate authority.
Section 9-39-32 - Form of question on election to abolish utility board or terminate authority.
Section 9-39-33 - Time of change in utility management after approval by voters.
Section 9-39-34 - Control by governing body after utility board abolished or authority terminated.
Section 9-39-35 - Waiting period after election on powers of utility board.
Section 9-39-36 - Municipal power to sell, lease, or grant operating contract for utility.
Section 9-39-39 - Election requirement inapplicable to jointly owned facilities contracts.