South Dakota § 9-21-16.1 - Casualty reserve fund authorized--Limitation on amount and use of fund--Interest.
Full text of South Dakota South Dakota Codified Laws § 9-21-16.1 — Casualty reserve fund authorized--Limitation on amount and use of fund--Interest., with citation guidance and answers to common questions.
§ 9-21-16.1. Casualty reserve fund authorized--Limitation on amount and use of fund--Interest.
The governing body of a municipality may, by resolution or ordinance, establish a fund to be designated the casualty reserve fund and the governing body may, in their annual appropriation, set forth a specific amount for such fund. The amount appropriated shall be transferred to such fund. However, at no time may the money in such fund exceed the sum of one hundred thousand dollars. The money in the fund may be expended only for the payment of expenses to replace and repair property of the municipality which was damaged or lost as a result of a casualty loss. If this fund is at the maximum amount allowed, the interest earned from the investment of the fund shall be placed in the municipality's general fund.
Source: SL 1968, ch 189; SL 1977, ch 75; SL 1986, ch 74.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 9-21-16.1
What does South Dakota Codified Laws § 9-21-16.1 cover?
Section 9-21-16.1 ("Casualty reserve fund authorized--Limitation on amount and use of fund--Interest.") 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 § 9-21-16.1?
A common citation format is "South Dakota Codified Laws § 9-21-16.1" (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 § 9-21-16.1 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.