Statutes > South Dakota Statutes > Title 7 - COUNTIES > Chapter 25A - Improvement Districts > Section 7-25A-29 - Default not to constitute debt or obligation of local government or state.

Section 7-25A-29 - Default not to constitute debt or obligation of local government or state.

7-25A-29. Default not to constitute debt or obligation of local government or state. A default on the bonds or obligations of a district does not constitute a debt or obligation of a local government or the state.

Source: SL 1989, ch 59, § 29.