South Dakota Codified Laws 49-37-7. District as having no power to tax
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A consumers power district shall have no power of taxation, and no governmental authority shall have the power to levy or collect taxes for the purpose of paying, in whole or in part, any indebtedness or obligation of or incurred by the district or upon which the district may be or become in any manner liable.
Terms Used In South Dakota Codified Laws 49-37-7
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Source: SL 1950 (SS), ch 17, § 43; SDC Supp 1960, § 52.1743.