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State of South Dakota
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SEVENTY-SECOND
SESSION
LEGISLATIVE ASSEMBLY, 1997 |
| 924A0036 |
HOUSE ENGROSSED
NO.
HB1117
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2/6/97
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| Introduced by: Representatives Duniphan, Barker, Brooks, Monroe, and Weber and Senators Flowers, Aker, Hutmacher, Johnson (William), and Kloucek |
FOR AN ACT ENTITLED, An Act
to authorize a county to create a depreciation reserve for
capital acquisitions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 7-21 be amended by adding thereto a NEW SECTION to read as follows:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 7-21 be amended by adding thereto a NEW SECTION to read as follows:
The governing body of any county may, by resolution, create a depreciation reserve within
any proprietary fund which may only be used for capital acquisitions, not to exceed the
accumulated depreciation of the fixed assets of the respective fund. If the specific purpose for
which the funds are accumulated is no longer necessary, the funds shall revert to the general
fund. These funds are in addition to those authorized by
§
7-21-18.1.
BILL HISTORY
1/28/97 First read in House and referred to Local Government. H.J. 168
2/4/97 Scheduled for Committee hearing on this date.
2/4/97 Local Government Do Pass. H.J. 290
2/5/97 House of Representatives Do Pass Amended, AYES 55, NAYS 13. H.J. 327
BILL HISTORY
1/28/97 First read in House and referred to Local Government. H.J. 168
2/4/97 Scheduled for Committee hearing on this date.
2/4/97 Local Government Do Pass. H.J. 290
2/5/97 House of Representatives Do Pass Amended, AYES 55, NAYS 13. H.J. 327
