Upon abolishment of a district, any proceeds of the occupation tax or the special assessment, or assets acquired with such proceeds, are subject to disposition as the governing body shall determine.

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Terms Used In South Dakota Codified Laws 9-55-20

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

Source: SL 1986, ch 81, § 20.