South Dakota § 13-16-12 - Refunding bond proceeds placed in bond redemption fund--Reduction of annual tax levy.
Full text of South Dakota South Dakota Codified Laws § 13-16-12 — Refunding bond proceeds placed in bond redemption fund--Reduction of annual tax levy., with citation guidance and answers to common questions.
§ 13-16-12. Refunding bond proceeds placed in bond redemption fund--Reduction of annual tax levy.
Money received from the sale of refunding bonds shall be placed in the bond redemption fund to be held, or invested, and applied to the payment of the bonds to be refunded. The school board shall cause to be certified to the county auditor the amount of money so received and placed in the bond redemption fund each school fiscal year and the county auditor shall reduce by such amount the taxes to be levied to meet payments on the refunded bonds.
Source: SDC Supp 1960, § 15.2204 as added by SL 1963, ch 75, § 1; SL 1965, ch 47.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 13-16-12
What does South Dakota Codified Laws § 13-16-12 cover?
Section 13-16-12 ("Refunding bond proceeds placed in bond redemption fund--Reduction of annual tax levy.") 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 § 13-16-12?
A common citation format is "South Dakota Codified Laws § 13-16-12" (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 § 13-16-12 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.