South Dakota Codified Laws 34-5-7. Accumulation of unexpended balances in fund–Diversion for other purposesprohibited
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Any unexpended balance remaining in the county snow removal and special emergency fund at the end of the fiscal year shall be allowed to accumulate as a reserve fund and available for future use as set forth in § 34-5-3. No part of the fund created under § 34-5-2 shall revert to the general funds of the county nor shall any of said fund be used for any other purposes.
Terms Used In South Dakota Codified Laws 34-5-7
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Source: SL 1953, ch 32, § 4; SDC Supp 1960, § 12.0617-7; SL 1967, ch 15, § 1.