§ 6-8-1 Validation of obligations–Subdivisions and obligations included
§ 6-8-2 Time period of obligations and proceedings validated
§ 6-8-3 Validation of obligations and proceedings despite irregularities and defects–Constitutionalrequirements not waived
§ 6-8-4 Obligations exceeding debt limitations not validated
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Terms Used In South Dakota Codified Laws > Title 6 > Chapter 8 - Validation of Prior Bonds of Political Subdivisions

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.