(A) Any revenue received under this subchapter in excess of 1% may be used only for capital improvements, land acquisition or debt retirement, with a minimum of 0.10% dedicated toward street capital improvements.
(Prior Code, § F-1-10)
(B) Capital improvements shall be as defined by SDCL § 5-14-1, and acts amendatory thereto.
(Prior Code, § F-1-11)
(Ord. 824, passed - -; Ord. 826, passed - -)
Statutory reference:
Related provisions, see SDCL §§ 5-14-1 and 10-52-2