South Dakota Codified Laws 34-11A-25. Deposit of funds–Warrant for disbursement
Current as of: 2023 | Check for updates
|
Other versions
All funds collected on behalf of the district through the levy of taxes; all donations, contributions, bequests, or annuities; and all borrowed money received by or on behalf of the district shall be deposited in a state or national bank to the credit of the district fund and shall be drawn out only by warrant.
Terms Used In South Dakota Codified Laws 34-11A-25
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
Source: SL 1982, ch 259, § 27.