South Dakota § 49-39-8 - Pledging revenues to secure federal indebtedness--State not liable.
Full text of South Dakota South Dakota Codified Laws § 49-39-8 — Pledging revenues to secure federal indebtedness--State not liable., with citation guidance and answers to common questions.
§ 49-39-8. Pledging revenues to secure federal indebtedness--State not liable.
Nothing contained in chapters 49-35 to 49-40, inclusive, shall prevent the district from assigning, pledging, or otherwise hypothecating, its revenues, incomes, receipts or profits to secure the payment of indebtedness to the federal government; provided, that the State of South Dakota shall never pledge its credit or funds, or any part thereof, for the payment of settlement of any indebtedness or obligation whatsoever of any district created under the provisions of chapter 49-35.
Source: SL 1950 (SS), ch 17, § 60; SDC Supp 1960, § 52.1759.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 49-39-8
What does South Dakota Codified Laws § 49-39-8 cover?
Section 49-39-8 ("Pledging revenues to secure federal indebtedness--State not liable.") 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 § 49-39-8?
A common citation format is "South Dakota Codified Laws § 49-39-8" (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 § 49-39-8 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.