Section 41-18-13 - Maximum payment not applicable when bonds issued

41-18-13. Maximum payment not applicable when bonds issued.If the county borrows money and issues bonds for the purpose of a park or project and creating bodies of water in the park or project, the expenditure is not limited to one dollar per thousand dollars of taxable valuation on the assessed valuation of the property within the county for the preceding year. Source: SDC 1939, §12.2404; SL 2009, ch 206, §113.