South Dakota Codified Laws
Chapter 44 - Municipal Improvement Bonds
Section 9-44-3 - Amount of bond issue.

9-44-3. Amount of bond issue.
Municipal improvement bonds under this chapter may be issued in an amount equal to the total cost of the improvement or improvements.

Source: SL 1947, ch 219, §3; SDC Supp 1960, §45.21A03; SL 1984, ch 43, §87.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 9 - Municipal Government

Chapter 44 - Municipal Improvement Bonds

Section 9-44-1 - Municipal improvement bonds authorized in lieu of special assessment certificates.

Section 9-44-2 - Authorization--Issuance--Sale--Maturity.

Section 9-44-3 - Amount of bond issue.

Section 9-44-5 - Covenants with bondholders authorized.

Section 9-44-6 - Agreement by municipality to pay part of bonds from tax proceeds--Constitutional limitation--Irrepealable tax levy.

Section 9-44-7 - Municipal agreement as to water and sewer service charges--Adequacy of rates.

Section 9-44-8 - Tax levy to pay deficiency in improvement fund--Covenant to levy--Limitation of levy.

Section 9-44-9 - Reduction of assessments on decision to pay bonds from taxes or service charges--Supplemental assessments on property benefited.

Section 9-44-10 - Bonds payable from improvement fund--Negotiability--Municipal obligation limited.

Section 9-44-11 - Assessments, taxes, and revenues paid into improvement fund--Use of fund--Unexpended balance.