South Dakota § 6-20-4 - Minimum revenues for issuance of bonds--Items includable in estimated future revenues.
Full text of South Dakota South Dakota Codified Laws § 6-20-4 — Minimum revenues for issuance of bonds--Items includable in estimated future revenues., with citation guidance and answers to common questions.
§ 6-20-4. Minimum revenues for issuance of bonds--Items includable in estimated future revenues.
No bonds may be issued unless the existing and estimated revenues pledged to the payment of the bonds are at least equal to the maximum amount of principal and interest to become due thereon in any fiscal year, and the revenues not pledged plus the taxes which may be levied within legal limitations are sufficient to pay the existing and estimated future operating expenses, all as stated in the resolution or ordinance. The past and estimated future revenues shall include all rentals of the facilities whose revenues are pledged, all other charges for the use thereof, and all profits, if any, from the sale of commodities or services on or about the premises whose revenues are pledged, deducting from the gross sale price only the actual cost necessarily incurred of acquiring the commodity or furnishing the service.
Source: SL 1963, ch 1, § 2; SL 1984, ch 43, § 129; SDCL § 50-8-4; SL 2019, ch. 203, § 83.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 6-20-4
What does South Dakota Codified Laws § 6-20-4 cover?
Section 6-20-4 ("Minimum revenues for issuance of bonds--Items includable in estimated future revenues.") 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 § 6-20-4?
A common citation format is "South Dakota Codified Laws § 6-20-4" (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 § 6-20-4 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.