reglab/housing_qa huggingface dataset:
SD Codified L § 13-16-2 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-2 - Funds to comport with generally accepted accounting principles.

13-16-2. Funds to comport with generally accepted accounting principles.All school district funds shall be placed in funds as defined in §4-4-4. Source: SL 1955, ch 41, ch 10, §§1, 2, 4; SDC Supp 1960, §§15.2201, 15.2202, 15.2204; SL 1963, ch 74, §2; SL 1963, ch 75, §1; SL 1964, ch 40; SL 1965, ch 47; SL 1975, ch 128, §100; SL 1991, ch 138, §1; SL 2012, ch 88, §9.
SD Codified L § 13-16-3 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-3 - General fund defined.

13-16-3. General fund defined.The general fund of the school district is a fund provided by law to meet all the operational costs of the school district, excluding capital outlay fund and special education fund expenditures pursuant to §13-13-37, and to redeem all outstanding warrants against the general fund. Notwithstanding the provisions of §13-16-6, the general fund may be used to purchase or lease computer hardware and software. The general fund may be used to support a technical college and other career and technical education purposes. Source: SL 1955, ch 41, ch 10, §2; SDC Supp. 1960, §15.2202; SL 1963, ch 74, §2; SL 1964, ch 40; SL 1975, ch 128, §101; SL 1987, ch 135, §3; SL 1989, ch 146, §2; SL 2003, ch 96, §2; SL 2008, ch 80, §1; SL 2014, ch 93, §3, eff. Mar. 28, 2014; SL 2020, ch 61, § 39.
SD Codified L § 13-16-4 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-4 - Lease payments from general fund in federally affected areas--Purchase on option made from capital outlay fund.

13-16-4. Lease payments from general fund in federally affected areas--Purchase on option made from capital outlay fund.The general fund in any school district authorized to receive funds from the federal government under Public Law 874 may be utilized for lease payments on equipment, teacherages, buildings, and other real estate, subject to the limitation that no more than ten percent of the general fund budget may be expended for lease payments during any school fiscal year. If the lease agreement provides for an option to purchase the leased property at the end of the lease period upon payment of a stipulated amount, the final payment at the end of the lease which shall result in acquisition of the property and title thereto, shall be made from the capital outlay fund subject to the provisions of §§13-16-6 to 13-16-9, inclusive. Source: SDC Supp 1960, §15.2202 as added by SL 1963, ch 74, §2; SL 1964, ch 40.
SD Codified L § 13-16-6 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-6 - Capital outlay fund--Definition--Uses--Levy.

13-16-6. Capital outlay fund--Definition--Uses--Levy.The capital outlay fund of the school district is a fund provided by law to meet expenditures which result in the acquisition or lease of or additions to real property, plant, or equipment. Such an expenditure shall be for land, existing facilities, improvement of grounds, construction of facilities, additions to facilities, remodeling of facilities, or for the purchase or lease of equipment. It may also be used for installment or lease-purchase payments for the purchase of real property, plant, or equipment, which have a contracted terminal date not exceeding twenty years from the date of the installment contract or lease-purchase and for the payment of the principal of and interest on capital outlay certificates issued pursuant to §13-16-6.2.Any purchase of one thousand dollars or less may be paid out of the general fund. The total accumulated unpaid principal balances of such installment contracts and lease-purchase and the outstanding principal amounts of such capital outlay certificates may not exceed three percent of the taxable valuation. The school district shall provide a sufficient levy each year under the provisions of §13-16-7 to meet the annual installment contract, lease-purchase, and capital outlay certificate payments, including interest.A school district which contracts its student transportation may expend from the capital outlay fund an amount not to exceed fifteen percent of the contract amount. In addition, a school district which reimburses for mileage instead of providing transportation pursuant to §13-30-3, may use the capital outlay fund to pay for fifteen percent of its mileage reimbursement costs.The capital outlay fund may be used to purchase textbooks and to purchase or renew instructional software.The capital outlay fund may be used to purchase warranties on capital assets if the warranties do not include supplies.A school district may transfer from its capital outlay fund to its general fund an amount not to exceed forty-five percent of the total tax revenues deposited in that fund during the current school fiscal year. Source: SL 1947, ch 80; SL 1953, ch 56; SL 1955, ch 41, ch 10, §3; SDC Supp 1960, §15.2203; SL 1970, ch 100, §1; SL 1973, ch 91, §1; SL 1975, ch 128, §102; SL 1978, ch 109, §1; SL 1988, ch 138, §1; SL 1989, ch 146, §3; SL 1996, ch 111; SL 1997, ch 91, §1; SL 2001, ch 72, §1; SL 2001, ch 80, §1; SL 2002, ch 85, §1; SL 2006, ch 79, §1; SL 2009, ch 82, §1; SL 2011, ch 93, §1; SL 2013, ch 75, §1; SL 2016, ch 83, §15; SL 2020, ch 54, § 1.
SD Codified L § 13-16-6.1 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-6.1 - Bidders on installment purchases or lease-purchase agreement to state interest rate and installment schedule.

13-16-6.1. Bidders on installment purchases or lease-purchase agreement to state interest rate and installment schedule.Notwithstanding the provisions of chapters 5-18A and 13-20, if any proposed installment purchase contract or lease-purchase agreement authorized under chapter 13-16, is to be entered into by a school district, the notice for bidders shall require the bidders to state the rate of interest and the installment payment or lease-purchase schedule that would have to be made by the school district in fulfillment of the contract. However, the requirement of this section does not apply to any installment purchase or lease-purchase to be entered into between a school district and the health and educational facilities authority. Source: SL 1973, ch 91, §3; SL 1978, ch 109, §2; SL 1989, ch 146, §4; SL 2011, ch 2, §122.
SD Codified L § 13-16-6.2 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-6.2 - Capital outlay certificates authorized--Issuance--Sale--Election--Maturity.

13-16-6.2. Capital outlay certificates authorized--Issuance--Sale--Election--Maturity.The school board of any school district may issue capital outlay certificates to acquire or construct real property, plant, or equipment. All capital outlay certificates shall be authorized, issued, and sold in accordance with the provisions of chapter 6-8B. However, no election other than as provided in §§13-16-6.3 and 13-16-6.4 may be held, and the certificates may not have a maturity date in excess of twenty years from the date of issuance. Source: SDCL, §§13-16-6, 13-16-6.1, as enacted by SL 1978, ch 109, §§1, 2; SL 1984, ch 43, §102B; SL 1988, ch 140, §4.
SD Codified L § 13-16-6.3 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-6.3 - Hearing on installment purchase, lease-purchase or capital outlay certificates--Approval or reference to voters.

13-16-6.3. Hearing on installment purchase, lease-purchase or capital outlay certificates--Approval or reference to voters.Any proposed installment purchase contract, lease-purchase, or issue of capital outlay certificates authorized pursuant to §13-16-6 or 13-16-6.2 which will obligate the school district for future payments on the principal, the total of which will exceed one and one-half percent of the taxable valuation of taxable property within the district, may not be entered into, or certificates issued, unless prior thereto the school board conducts a public hearing thereon after having given notice by publication at least twice in its official newspaper at least ten days before the hearing. Upon the hearing the board may approve the action or may refer the matter to the voters of the district. Source: SL 1973, ch 91, §2; SDCL, §13-16-6.2; SL 1978, ch 109, §3; SL 1989, ch 146, §5.
SD Codified L § 13-16-6.4 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-6.4 - Referendum petition and election on installment purchase or capital outlay certificates.

13-16-6.4. Referendum petition and election on installment purchase or capital outlay certificates.Approval to enter into an agreement or issue capital outlay certificates to which §13-16-6.3 applies is subject to a referendum if five percent of the registered voters, based upon the total number of registered voters at the last preceding general election, petition, within twenty days thereafter, to have the question of approval or disapproval of the agreement or issue of capital outlay certificates or the lease-purchase agreement placed upon the ballot at the next regular election or at a special election called for that purpose. The business manager shall give notice of the fact that the question will be on the ballot at a regular or special election as provided by law for school elections and prepare official ballots therefor according to the provisions of this title relating to elections and the issue shall be decided by sixty percent of those voting thereon. Source: SL 1973, ch 91, §2; SDCL, §13-16-6.3; SL 1978, ch 109, §4; SL 1986, ch 124, §6; SL 1987, ch 67, §11; SL 1989, ch 146, §6; SL 2000, ch 75, §7.
SD Codified L § 13-16-7.2 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-7.2 - Maximum taxes--Pledge of taxes.

13-16-7.2. Maximum taxes--Pledge of taxes.Starting with taxes payable in 2021, a school district is limited to the maximum taxes allowed pursuant to §13-16-7 or three thousand four hundred dollars for each enrolled student as determined in the fall enrollment count set forth in §13-13-10.1 for the prior school year, whichever is less. For 2022 and subsequent years, the maximum amount for each enrolled student shall increase by the lesser of three percent or the index factor, as defined in §10-13-38.If a school district has irrevocably pledged taxes collected to the payment of principal and interest on installment purchase contracts or capital outlay certificates entered into or issued pursuant to §13-16-6 or 13-16-6.2 or lease-purchase agreements or other arrangements with the Health and Educational Facilities Authority prior to July 1, 2016, that school district may raise taxes allowed pursuant to §13-16-7 and this section in an amount necessary to fund those payments and obligations and to provide additional funding of up to three thousand four hundred dollars for each enrolled student as determined in the fall enrollment count set forth in §13-13-10.1. In no year may the annual tax levy provided in this section exceed the levy authorized under §13-16-7. Source: SL 2018, ch 94, §2; SL 2020, ch 55, § 1.
SD Codified L § 13-16-7.3 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-7.3 - Maximum pledge of taxes--Limitations.

  13-16-7.3  .  Maximum pledge of taxes--Limitations.   Notwithstanding the provisions of §13-16-7, a school board that, in calendar year 2020 was limited to a maximum capital outlay revenue of one thousand four hundred dollars or less per student is eligible, starting with taxes payable in 2021, to authorize the levy of a tax not to exceed three dollars per thousand of taxable valuation for the capital outlay fund for assets as defined by §  13-16-6   or for the district's obligations under a resolution, lease-purchase agreement, capital outlay certificate, or other arrangement with the Health and Educational Facilities Authority.   Any district that exceeds the limits provided in §  13-16-7   may not collect more than one thousand four hundred dollars for each enrolled student for capital outlay in taxes payable in 2021. For 2022 and subsequent years, the maximum amount for each enrolled student shall increase by the lesser of three percent or the index factor, as defined in §  10-13-38  .     Source:  SL 2020, ch 55, § 3.
SD Codified L § 13-16-7.4 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-7.4 - Maximum pledge of taxes--Transition.

  13-16-7.4  .  Maximum pledge of taxes--Transition.   Any school district impacted by the three thousand four hundred dollar tax limitation as provided in §  13-16-7.2   during calendar years 2021, 2022, and 2023 may transfer to the general fund the actual total dollar amount the school district transferred in fiscal year 2020. Beginning in calendar year 2024, any impacted school district is limited to the transfer amount provided for in §  13-16-6  .     Source:  SL 2020, ch 55, § 5.
SD Codified L § 13-16-8 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-8 - Bond and certificate proceeds placed in capital outlay fund.

13-16-8. Bond and certificate proceeds placed in capital outlay fund.Money received from the sale of capital outlay bonds and capital outlay certificates shall be placed in the capital outlay fund. Source: SL 1955, ch 41, ch 10, §3; SDC Supp 1960, §15.2203; SL 1978, ch 109, §6.
SD Codified L § 13-16-9 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-9 - Expenditure of money from capital outlay fund.

13-16-9. Expenditure of money from capital outlay fund.Money can be expended from the capital outlay fund only for the purposes defined in §13-16-6 and for the redemption of outstanding warrants against this fund. Source: SL 1955, ch 41, ch 10, §3; SDC Supp 1960, §15.2203.
SD Codified L § 13-16-9.1 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-9.1 - Validation of prior school district contracts.

13-16-9.1. Validation of prior school district contracts.All contracts and agreements entered into prior to January 1, 1988, by any school district under the provisions of §13-16-6, that have resulted in the acquisition of fixed assets or addition to fixed assets, provided the amounts involved do not result in the creation of indebtedness in excess of constitutional or statutory debt limits, are hereby legalized and validated notwithstanding any irregularity or defect in the proceedings resulting in the contracts and agreement; and all of the contracts and agreements are hereby declared to exist as valid obligations of the school districts, payable from their capital outlay funds. Source: SL 1973, ch 90; SL 1983, ch 128, §1; SL 1988, ch 139, §1.
SD Codified L § 13-16-9.2 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-9.2 - Five-year plan required when fund used to construct new facilities or additions.

13-16-9.2. Five-year plan required when fund used to construct new facilities or additions.Any school district using the capital outlay fund for payment of construction of new facilities or construction of additions to facilities must develop and maintain a five-year plan on the annual projected revenues and the annual projected expenditures for the capital outlay fund and such projected expenditures shall itemize the projected costs for new or additional facilities. Source: SL 1977, ch 126, §1.
SD Codified L § 13-16-9.3 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-9.3 - Public hearing for use of capital outlay fund--Notice.

13-16-9.3. Public hearing for use of capital outlay fund--Notice.Any school district using the capital outlay fund for payment of construction of new facilities or construction of additions to facilities, the total of which requires advertising for bids under chapter 5-18A, shall have a public hearing at least ten days prior to the advertisement of any contract specifications. The public hearing shall be advertised in the legal newspaper of the school district. Following the public hearing, and approval of the school board, the school district may use the capital outlay fund as provided in §13-16-6. No school district may change the originally advertised use of the fund without holding another public hearing. Source: SL 1977, ch 126, §2; SL 2011, ch 2, §123.
SD Codified L § 13-16-10 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-10 - Annual levy to pay school district bonds--Irrepealable--Exclusive of maximum levy.

13-16-10. Annual levy to pay school district bonds--Irrepealable--Exclusive of maximum levy.At or before the issuing of any bonds the school board shall provide for the collection of an annual tax sufficient to pay the interest and principal thereof when due, for the entire term of years for which said bonds are to run, by proper resolution, copy of which shall be filed with the county auditor. All such levies when legally made shall be irrepealable until such debt shall be paid or sufficient moneys have been accumulated to pay such debt, and shall be exclusive of the maximum levy provided for other school district funds. Source: SDC 1939, §15.2208; SL 1955, ch 41, ch 10, §4; SDC Supp 1960, §15.2204; SL 1963, ch 75, §1; SL 1965, ch 47.
SD Codified L § 13-16-11 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-11 - Levy of annual tax for school district bonds--Reduction on accumulation of surplus in bond redemption fund.

13-16-11. Levy of annual tax for school district bonds--Reduction on accumulation of surplus in bond redemption fund.The county auditor shall have the power and the duty to levy a tax from year to year against the property of the district in accordance with such resolution to meet said bond redemption fund payments when due without further notice or demand from such school district, provided, however, that if a surplus in the bond redemption fund exceeds the principal and interest requirements for one year in addition to such requirements for the current year, the school board may by resolution, determine the amount of such surplus and certify said amount to the county auditor on or before September first and the county auditor shall thereupon be authorized to reduce the required levy for the bond redemption fund to be spread upon the tax list for collection in the following year by the amount so certified. Source: SDC 1939, §15.2208; SL 1955, ch 41, ch 10, §4; SDC Supp 1960, §15.2204; SL 1963, ch 75, §1; SL 1965, ch 47.
SD Codified L § 13-16-12 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-12 - Refunding bond proceeds placed in bond redemption fund--Reduction of annual tax levy.

13-16-12. Refunding bond proceeds placed in bond redemption fund--Reduction of annual tax levy.Money received from the sale of refunding bonds shall be placed in the bond redemption fund to be held, or invested, and applied to the payment of the bonds to be refunded. The school board shall cause to be certified to the county auditor the amount of money so received and placed in the bond redemption fund each school fiscal year and the county auditor shall reduce by such amount the taxes to be levied to meet payments on the refunded bonds. Source: SDC Supp 1960, §15.2204 as added by SL 1963, ch 75, §1; SL 1965, ch 47.
SD Codified L § 13-16-13 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-13 - Tax proceeds paid into bond redemption fund--Purposes for which used.

13-16-13. Tax proceeds paid into bond redemption fund--Purposes for which used.When the tax levied under §13-16-11 shall be collected the business manager shall enter the same into the bond redemption fund and the same shall not be used for any other purpose and shall be applied to the payment of bonds when due and for the payment of interest thereon. Source: SL 1955, ch 41, ch 10, §4; SDC Supp 1960, §15.2204; SL 1963, ch 75, §1; SL 1965, ch 47; SL 1975, ch 128, §104.
SD Codified L § 13-16-14 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-14 - Restriction on transfers from bond redemption fund.

13-16-14. Restriction on transfers from bond redemption fund.No money in the bond redemption fund may be transferred to any other fund unless a sufficient amount of money is retained in this fund to retire all outstanding bonds together with such interest as will accrue on such bonds. If any money is transferred from the bond redemption fund, the money shall be transferred to the general fund or the capital outlay fund. Source: SL 1955, ch 41, ch 10, §4; SDC Supp 1960, §15.2204; SL 1963, ch 75, §1; SL 1965, ch 47; SL 2005, ch 99, §1.
SD Codified L § 13-16-15 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-15 - Designation of depositories for school district--Resolution.

13-16-15. Designation of depositories for school district--Resolution.The school board of every school district shall by resolution duly adopted at any annual, regular, or special meeting designate any bank or banks within the state as depositories for the funds or any part or parts of the funds of the district. Source: SDC 1939, §15.2524; SL 1955, ch 41, ch 10, §7; SL 1957, ch 69; SDC Supp 1960, §15.2207; SL 1975, ch 128, §105; SL 1992, ch 124.
SD Codified L § 13-16-15.1 (2021)
2021 South Dakota Codified Laws|Title 13 - Education|Chapter 16 - School District Funds And Accounts|Section 13-16-15.1 - Domestic savings and loan associations as official depositories--Restrictions.

13-16-15.1. Domestic savings and loan associations as official depositories--Restrictions.Domestic savings and loan associations whether chartered by this state or by the United States are official depositories for school district funds; provided such funds are invested only in the accounts of such associations which are insured by the federal Savings and Loan Insurance Corporation. The amount so invested in any one association may not exceed the amount which is covered by such insurance unless such association qualifies as a savings and loan depository as provided by chapter 4-6A. Source: SL 1974, ch 303; SL 1982, ch 45, §4.