South Dakota § 13-16-6.3 - Hearing on installment purchase, lease-purchase or capital outlay certificates--Approval or reference to voters.
Full text of South Dakota South Dakota Codified Laws § 13-16-6.3 — Hearing on installment purchase, lease-purchase or capital outlay certificates--Approval or reference to voters., with citation guidance and answers to common questions.
§ 13-16-6.3. Hearing on installment purchase, lease-purchase or capital outlay certificates--Approval or reference to voters.
Any proposed installment purchase contract, lease-purchase, or issue of capital outlay certificates authorized pursuant to § 13-16-6 or 13-16-6.2 which will obligate the school district for future payments on the principal, the total of which will exceed one and one-half percent of the taxable valuation of taxable property within the district, may not be entered into, or certificates issued, unless prior thereto the school board conducts a public hearing thereon after having given notice by publication at least twice in its official newspaper at least ten days before the hearing. Upon the hearing the board may approve the action or may refer the matter to the voters of the district.
Source: SL 1973, ch 91, § 2; SDCL, § 13-16-6.2; SL 1978, ch 109, § 3; SL 1989, ch 146, § 5.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 13-16-6.3
What does South Dakota Codified Laws § 13-16-6.3 cover?
Section 13-16-6.3 ("Hearing on installment purchase, lease-purchase or capital outlay certificates--Approval or reference to voters.") 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 § 13-16-6.3?
A common citation format is "South Dakota Codified Laws § 13-16-6.3" (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 § 13-16-6.3 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.