Statutes, codes, and regulations
South Dakota Codified Laws
Title 4 - PUBLIC FISCAL ADMINISTRATION
Chapter 5 - CUSTODY AND INVESTMENT OF STATE FUNDS
Section 4-5-4.1 - Limitation of warrants on institutions' funds-Diversion of other funds prohibited-Proration of income

S.D. Codified Laws § 4-5-4.1

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Current through the 2024 Legislative Session
Section 4-5-4.1 - Limitation of warrants on institutions' funds-Diversion of other funds prohibited-Proration of income

No warrants shall be drawn in excess of the funds made available in the institutions' funds by the Board of Regents and at no time shall any money from other funds be diverted to the use of the institutions' funds. The state investment officer shall prorate all income to the institutions as required by § 4-5-30.

SDCL 4-5-4.1

SL 1977, ch 37, § 1; SL 1985, ch 33, § 34.