Section 46A-18-53 - Warrants issued in anticipation of tax or special assessment collections. - South-dakota Statutes

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46A-18-53. Warrants issued in anticipation of tax or special assessment collections. Following a favorable vote as provided in § 46A-18-45 and in anticipation of tax or special assessment collections, the directors may issue no-fund warrants to pay district obligations. However, the outstanding amounts of such no-fund warrants may not exceed the product of one dollar per thousand dollars of taxable valuation times the assessed valuation of the taxable real property within the district.

Source: SL 1984, ch 293, § 52; SL 1990, ch 366, § 14.

State Codes and Statutes

Statutes > South-dakota > Title-46a > Chapter-18 > Statute-46a-18-53

46A-18-53. Warrants issued in anticipation of tax or special assessment collections. Following a favorable vote as provided in § 46A-18-45 and in anticipation of tax or special assessment collections, the directors may issue no-fund warrants to pay district obligations. However, the outstanding amounts of such no-fund warrants may not exceed the product of one dollar per thousand dollars of taxable valuation times the assessed valuation of the taxable real property within the district.

Source: SL 1984, ch 293, § 52; SL 1990, ch 366, § 14.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-46a > Chapter-18 > Statute-46a-18-53

46A-18-53. Warrants issued in anticipation of tax or special assessment collections. Following a favorable vote as provided in § 46A-18-45 and in anticipation of tax or special assessment collections, the directors may issue no-fund warrants to pay district obligations. However, the outstanding amounts of such no-fund warrants may not exceed the product of one dollar per thousand dollars of taxable valuation times the assessed valuation of the taxable real property within the district.

Source: SL 1984, ch 293, § 52; SL 1990, ch 366, § 14.