1-53-25. Deposit of trust assets with state treasurer--Purposes for which used.
Notwithstanding any other provisions of law, funds and the proceeds of the trust assets which are not authorized to be administered by the secretary of agriculture of the United States under the provisions of §1-53-24 shall be received by the commissioner of the Governor's Office of Economic Development under the application made pursuant to §1-53-23 and by him deposited with the state treasurer for use by the commissioner of the Governor's Office of Economic Development for such of the rural rehabilitation purposes permissible under the charter of the now dissolved South Dakota Rural Rehabilitation Corporation as may from time to time be agreed upon by the commissioner of the Governor's Office of Economic Development with the approval of the Governor and the secretary of agriculture of the United States subject to the applicable provisions of said Public Law 499, or for the purposes of §1-53-24.
Source: SL 1951, ch 4, §4; SDC Supp 1960, §4.0118; SDCL §38-6-4; SL 2019, ch 235 (Ex. Ord. 19-1), §44, eff. Apr. 14, 2019.
Structure South Dakota Codified Laws
Title 1 - State Affairs and Government
Chapter 53 - Governor's Office Of Economic Development
Section 1-53-1 - Governor's Office of Economic Development created--Commissioner as head.
Section 1-53-3 - Purpose of Governor's Office of Economic Development.
Section 1-53-4 - Functions of Governor's Office of Economic Development.
Section 1-53-6 - Confidentiality of certain information.
Section 1-53-15 - Small business credit initiative fund.
Section 1-53-16 - Acceptance or expenditure of funds reported in informational budget.
Section 1-53-17 - Deposits into and expenditures from small business credit initiative fund.
Section 1-53-18 - Property given as security for loan.
Section 1-53-20 - Criminal background investigation of new employees--Temporary employment--Fees.
Section 1-53-21 - Farm link program established.
Section 1-53-22 - Promulgation of rules governing farm link program.
Section 1-53-24 - Agreements for administration of trust assets by federal government.
Section 1-53-25 - Deposit of trust assets with state treasurer--Purposes for which used.
Section 1-53-26 - Compromise, adjustment, and collection of claims and obligations.
Section 1-53-27 - Purchase and acquisition of property securing indebtedness.
Section 1-53-28 - Operation, lease, and disposition of property purchased or acquired.
Section 1-53-29 - Investment, transfer, and sale of securities and obligations--Purposes.
Section 1-53-30 - Promulgation of rules for disposition of claims and administration of trust.
Section 1-53-31 - Powers delegated to secretary of agriculture of United States.
Section 1-53-32 - United States held free from liability.
Section 1-53-33 - Severability of provisions.
Section 1-53-34 - Value added agriculture subfund created.
Section 1-53-35 - Value added agriculture subfund administration.
Section 1-53-36 - Earnings on value added agriculture subfund.
Section 1-53-37 - Promulgation of rules--Value-added agriculture subfund.
Section 1-53-38 - South Dakota Certified Beef Program.
Section 1-53-41 - Use of mark, copyright, or label--Violation as felony.
Section 1-53-42 - Confidential information--Exception.
Section 1-53-43 - Promulgation of rules on certified beef program.
Section 1-53-44 - Enforcement by court action--Injunctive relief.
Section 1-53-45 - Revocation of license.
Section 1-53-46 - Agency cooperation to develop, administer, and market certified beef program.
Section 1-53-47 - South Dakota Certified beef fund--Deposits and expenditures.