South Dakota § 10-12-43.1 - Excess tax levy--School district capital outlay fund--Restrictions.
Full text of South Dakota South Dakota Codified Laws § 10-12-43.1 — Excess tax levy--School district capital outlay fund--Restrictions., with citation guidance and answers to common questions.
§ 10-12-43.1. Excess tax levy--School district capital outlay fund--Restrictions.
A school district may raise additional revenues for capital outlay fund purposes through the imposition of an excess tax levy. A school district seeking to impose an excess tax levy pursuant to this section is subject to the same opt out procedures and requirements as provided in § 10-12-43. The opt out decision may be referred to a vote of the people in the same manner as provided in § 10-12-43.
A school district imposing an excess tax levy pursuant to this section shall exclude any additional revenue generated by the excess tax levy from the total tax revenues deposited in the capital outlay fund when calculating the maximum allowable transfer to the school district's general fund authorized under § 13-16-6. Any additional revenue generated by the excess tax levy may only be used for capital outlay fund purposes pursuant to § 13-16-6.
In no year may the annual tax levy for capital outlay fund purposes exceed the levy authorized under § 13-16-7.
Source: SL 2020, ch 55, § 2; SL 2025, ch 46, § 6.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 10-12-43.1
What does South Dakota Codified Laws § 10-12-43.1 cover?
Section 10-12-43.1 ("Excess tax levy--School district capital outlay fund--Restrictions.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 10-12-43.1?
A common citation format is "South Dakota Codified Laws § 10-12-43.1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 10-12-43.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.