South Dakota Codified Laws 9-21-12. Authorization of depreciation reserve within proprietary fund
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The governing body of a municipality may by resolution create a depreciation reserve within each proprietary fund, as necessary, not to exceed the accumulated depreciation of the fixed assets of the respective fund.
Terms Used In South Dakota Codified Laws 9-21-12
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1951, ch 247, § 1; SDC Supp 1960, § 45.0201-1 (9); SL 1978, ch 62, § 8; SL 1991, ch 72.