S.D. Codified Laws § 9-52-17

Current through the 2024 Legislative Session
Section 9-52-17 - Operation for purpose of profit prohibited

Municipalities shall not be authorized to operate revenue-producing enterprises of the nature described in this chapter for the purpose of profit or return greater than necessary to pay the cost of acquisition, improvement, operation, and maintenance thereof and interest on money borrowed or advanced from general funds for such purposes.

SDCL 9-52-17

SL 1951, ch 246, § 2; SDC Supp 1960, § 45.24B02.