South Dakota § 6-20-2 - Contents of authorizing resolution or ordinance.
Full text of South Dakota South Dakota Codified Laws § 6-20-2 — Contents of authorizing resolution or ordinance., with citation guidance and answers to common questions.
§ 6-20-2. Contents of authorizing resolution or ordinance.
The revenue bonds shall be issued pursuant to and in accordance with the resolution or ordinance adopted by the governing body of the municipality or county, describing one or more buildings, hangars, runways, or structures whose revenues are to be pledged for the payment of the bonds, stating the total amount of revenues derived therefrom in the then next preceding fiscal year, determining the minimum amount of additional revenues estimated to be derived therefrom annually by virtue of the improvements to be financed by the issuance of the bonds, pledging all revenues to a separate and special airport revenue capital projects fund, so far as necessary to pay when due the principal and interest on the bonds and to create and maintain an additional reserve at all times equal to the maximum amount of principal and interest to become due in any subsequent fiscal year, stating the current cost of operation and maintenance of the airport during the immediately preceding fiscal year, estimating the maximum annual additional cost of the operation and maintenance in any subsequent fiscal year during the term of the bonds, and stating the total amount of the revenues received in the preceding year other than those pledged for the payment of the bonds, and the total amount possible to be raised by the levy of taxes for the operation and maintenance of the airport within the limitations prescribed by law, based on the assessed valuation of taxable property within the municipality or county for the preceding year.
Source: SL 1963, ch 1, § 2; SL 1984, ch 43, § 127; SDCL § 50-8-2; SL 2019, ch. 203, § 83.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 6-20-2
What does South Dakota Codified Laws § 6-20-2 cover?
Section 6-20-2 ("Contents of authorizing resolution or ordinance.") 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 § 6-20-2?
A common citation format is "South Dakota Codified Laws § 6-20-2" (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 § 6-20-2 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.