There is hereby created within the state treasury the special donations fund, into which any grant, devise, bequest, donation, or gift, other than real property, made or offered for the benefit of the Jobs for South Dakota’s Graduates Program shall be deposited. All moneys in the fund created in this section shall be used for the purposes of initiation, expansion, support, enhancement, or in carrying out the objectives of the Jobs for South Dakota’s Graduates program. Interest earned on the money in the fund shall be deposited into the fund. Expenditures from the fund shall be appropriated through the normal budgeting process.

Terms Used In South Dakota Codified Laws 13-66-3

  • Bequest: Property gifted by will.
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

Source: SL 2020, ch 67, § 3.

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