South Dakota Codified Laws 1-16B-12. Transfer of income from capital reserve fund to a general account–Continuous appropriation for purposes of chapter
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The Economic Development Finance Authority may authorize a trustee to transfer any income from the capital reserve fund to a general account also in the custody of a trustee. The money in the authority’s accounts is hereby continuously appropriated to the authority to carry out the purposes of this chapter.
Terms Used In South Dakota Codified Laws 1-16B-12
- Trustee: A person or institution holding and administering property in trust.
Source: SL 1978, ch 9, § 37; SL 1994, ch 12.