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2021 South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 11 - South Dakota Housing Development Authority
Section 11-11-69 - Purpose of capital reserve fund requirements.
Universal Citation: SD Codified L § 11-11-69 (2021)
11-11-69. Purpose of capital reserve fund requirements.
To assure the continued operation and solvency of the authority for the carrying out of its corporate purposes, provision is made in §§11-11-70 to 11-11-75, inclusive, for the accumulation in each capital reserve fund created thereunder of an amount equal to the maximum capital reserve fund requirement for such fund.
Source: SL 1973, ch 180, §39; SDCL Supp, §28-19-60.
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