South Dakota § 6-8B-66 - Aggregate indebtedness of municipality or county--Limit--Calculation.
Full text of South Dakota South Dakota Codified Laws § 6-8B-66 — Aggregate indebtedness of municipality or county--Limit--Calculation., with citation guidance and answers to common questions.
§ 6-8B-66. Aggregate indebtedness of municipality or county--Limit--Calculation.
No credit enhancement obligation may cause the aggregate amount of indebtedness of the municipality or county which issues such credit enhancement obligation to exceed the maximum allowable constitutional or statutory provisions, if any, applicable to such municipality or county. In computing the aggregate amount of indebtedness of any municipality or county which issues the credit enhancement obligation as provided in this chapter, there shall be included as indebtedness the unpaid principal amount of the outstanding bonds or other obligations secured by the credit enhancement obligation less any amounts on deposit with the health and educational facilities authority or any financial institution acting as trustee, paying agent, or in any other fiduciary capacity with respect to such obligations.
Source: SL 1992, ch 3, § 15.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 6-8B-66
What does South Dakota Codified Laws § 6-8B-66 cover?
Section 6-8B-66 ("Aggregate indebtedness of municipality or county--Limit--Calculation.") 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 § 6-8B-66?
A common citation format is "South Dakota Codified Laws § 6-8B-66" (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 § 6-8B-66 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.