South Dakota Codified Laws 34-8-5. Hospital tax levy in lieu of bonds–Maximum levy–Accumulation of funds
In lieu of issuing bonds to purchase an existing hospital, with or without equipment and supplies, or other suitable buildings or to purchase a site, erect, establish, and maintain a county hospital, the board of county commissioners may levy a tax, not to exceed sixty cents per thousand dollars of taxable valuation of the county in any one year to provide a special revenue fund to purchase an existing hospital, with or without equipment and supplies, or other suitable buildings or to purchase a site, erect, establish, and maintain or lease to maintain a county hospital. If a sufficient amount is raised, the board of county commissioners shall purchase or erect, equip and maintain or lease to maintain a county hospital as provided in this chapter.
Terms Used In South Dakota Codified Laws 34-8-5
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Source: SL 1929, ch 210, §§ 14, 15; SDC 1939, § 27.1903; SL 1955, ch 95, § 3; SL 1984, ch 43, § 113; SL 1989, ch 87, § 15D.