2013 South Dakota Codified Laws
Title 13 - EDUCATION
Chapter 39 - Vocational And Technical Education
§ 13-39-69 Postsecondary technical institutes facilities fund--Subfunds--Earningstransferred annually to tuition subaccount.
13-39-69. Postsecondary technical institutes facilities fund--Subfunds--Earnings transferred annually to tuition subaccount. There is created a separate trust fund on behalf of the secretary of education to be on deposit with the state treasurer, such fund to be designated the postsecondary technical institutes facilities fund. The fund shall consist of all appropriations by the State Legislature specifically designated for deposit in the fund and any other moneys designated for deposit in the fund, including any investment earnings. The treasurer may create subfunds or accounts within the trust fund created under this section as the treasurer considers necessary. Any earnings from the investment of such fund may be transferred annually by the state treasurer to the tuition subaccount established by § 13-39-70.
Source: SL 1987, ch 144, § 4; SL 2003, ch 272 (Ex. Ord. 03-1), § 63; SL 2012, ch 88, § 31.
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