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South Dakota Codified Laws — Title 10 (Taxation)

SDCL § 10-12-27

Township levy for bond interest and debt service fund--Surplus transferred to general fund

Official textsdlegislature.gov

At the time specified in § 10-12-26 in every township where there are bonds outstanding, the township board of supervisors shall levy a tax sufficient to pay the interest on such bonds and not to exceed fifteen percent of the principal of such debt, as a debt service fund, the money from which tax shall be applied to no other purpose than the payment of outstanding bonds and interest on the same, until such bonds and interest are fully paid, when any surplus remaining shall be transferred to the township general fund, the amounts of which levy shall be certified as prescribed in § 10-12-26 .

Last amended: Source: SL 1899, ch 41 , § 4; RPolC 1903, § 2138; RC 1919, § 6751; SDC 1939, § 57.0509.

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In this chapter (40 sections)
  1. 10-12-4 · Constitutional limitations on state levy to be observed
  2. 10-12-5 · State treasurer to transfer sums to interest and debt service…
  3. 10-12-6 · 10-12-6. Repealed by SL 2005, ch 149, § 1
  4. 10-12-7 · Local levies in specific amounts--Certification to county…
  5. 10-12-8 · Annual county levy for general purposes--Estimate of expenses…
  6. 10-12-9 · Purposes for levy of county taxes
  7. 10-12-10 · 10-12-10, 10-12-11. Repealed by SL 1982, ch 28, §§ 28, 29
  8. 10-12-12 · 10-12-12. Repealed by SL 1985, ch 77, § 42
  9. 10-12-13 · County levy for maintenance, repair, and construction of…
  10. 10-12-14 · County levy for maintenance, repair, and construction of…
  11. 10-12-15 · County highway and bridge reserve fund exempt from budget law
  12. 10-12-16 · Use of unexpended balances in county road and bridge…
  13. 10-12-17 · Use of general road and bridge funds for matching aid…
  14. 10-12-18 · 10-12-18. Repealed by SL 2014, ch 55, § 1
  15. 10-12-19 · 10-12-19, 10-12-20. Repealed by SL 1982, ch 28, §§ 32, 33
  16. 10-12-21 · Maximum county levy for all purposes
  17. 10-12-22 · 10-12-22. Obsolete
  18. 10-12-23 · 10-12-23. Repealed by SL 1982, ch 28, § 34
  19. 10-12-24 · 10-12-24, 10-12-25. Repealed by SL 1978, ch 72, §§ 28, 29
  20. 10-12-26 · Annual levy of organized township--Certification to county…
  21. 10-12-27 · Township levy for bond interest and debt service…
  22. 10-12-28 · Maximum rate of township levy
  23. 10-12-29 · Annual school district levy--Report to county…
  24. 10-12-30 · 10-12-30, 10-12-31. Repealed by SL 1995, ch 57, §§ 35, 36;…
  25. 10-12-32 · Maximum rate of levy in municipalities
  26. 10-12-33 · 10-12-33. Repealed by SL 1989, ch 87, § 8
  27. 10-12-34 · 10-12-34. Repealed by SL 1982, ch 86, § 12
  28. 10-12-35 · Judgment levies exempt from limitations--Levies to pay…
  29. 10-12-36 · Special election on tax levy exceeding limitations--Vote…
  30. 10-12-37 · 10-12-37. Repealed by SL 1989, ch 91, § 2
  31. 10-12-38 · Equalizing assessment of all property between counties
  32. 10-12-39 · Equalizing assessment of land and structures on property…
  33. 10-12-40 · Addition to or deduction from valuation of lands, municipal…
  34. 10-12-41 · Certification of percent added to or deducted from valuation…
  35. 10-12-42 · Annual levy--School district general fund
  36. 10-12-43 · Excess tax levy authorized for school districts--Vote by…
  37. 10-12-44 · Tax abatement--Tax increment financing…
  38. 10-12A-1 · Definition of terms
  39. 10-12A-2 · Legislative findings--Agreements authorized
  40. 10-12A-3 · 10-12A-3. Repealed by SL 2003, ch 54, § 3
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