State Codes and Statutes
Statutes > South-dakota > Title-9 > Chapter-21 > Statute-9-21-319-21-31. Capital replacement reserve fund authorized. The governing body of a municipality may by ordinance create a capital replacement reserve fund or account for general fixed assets, not to exceed fifty percent of the value of the general fixed assets.
Source: SL 1994, ch 69, § 1.