9-44-9. Reduction of assessments on decision to pay bonds from taxes or service charges--Supplemental assessments on property benefited.
In the event that the governing body shall determine to pay any portion of municipal improvement bonds from taxes and/or collections of service charges, it may direct that the estimate for special assessments and the assessment roll shall specify the portion of cost to be paid by assessment, the portion to be paid by taxes, and the portion to be paid exclusively by revenues, and the assessment on benefited property may be reduced proportionately; but the assessable cost of the improvement shall not be decreased by the reduction of the assessment, and the governing body may and if necessary shall levy supplemental assessments on specially benefited property to the full amount of such benefit.
Source: SL 1947, ch 219, §5; SDC Supp 1960, §45.21A05.
Structure 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 9-44-7 - Municipal agreement as to water and sewer service charges--Adequacy of rates.
Section 9-44-10 - Bonds payable from improvement fund--Negotiability--Municipal obligation limited.