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2020 South Dakota Codified Laws
Title 6 - Local Government Generally
Chapter 14 - Endowment Funds
Section 6-14-2 - Spending.
Universal Citation: SD Codified L § 6-14-2 (2020)
6-14-2. Spending.
The interest earned from the revenue in an endowment fund created pursuant to §6-14-1 may be spent by the governing body of a political subdivision for any legal purpose. The principal in an endowment fund may be expended by the governing body by resolution after a public hearing called for that purpose.
Source: SL 1991, ch 56, §2.
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