Section 9-43-68 - Special assessment accounts for financing of improvements by assessment--Appropriation of municipal funds to special assessment account--Generalobligation bonds to create special ass - South Dakota Statutes

9-43-68. Special assessment accounts for financing of improvements by assessment--Appropriation of municipal funds to special assessment account--General obligation bonds to create special assessment account. The governing body may by ordinance or resolution create and maintain special assessment accounts for financing improvements for which assessments are to be levied. The governing body may provide moneys for such accounts in the annual appropriation ordinance or by transfer of unused balances from other funds in accordance with the provisions of chapter 9-21, or it may provide for the issuance of general obligation bonds for the purpose of creating and maintaining any such account after authorization by the voters and in the manner provided by chapter 9-26. Creating and maintaining such account shall be deemed a single purpose in framing the question to be submitted to the voters.

Source: SDC 1939, § 45.2115 as enacted by SL 1949, ch 189, § 7; SL 1984, ch 61; SL 1988, ch 81, § 2.