South Dakota Codified Laws
Chapter 16 - School District Funds And Accounts
Section 13-16-9 - Expenditure of money from capital outlay fund.

13-16-9. Expenditure of money from capital outlay fund.
Money can be expended from the capital outlay fund only for the purposes defined in §13-16-6 and for the redemption of outstanding warrants against this fund.

Source: SL 1955, ch 41, ch 10, §3; SDC Supp 1960, §15.2203.

Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 13 - Education

Chapter 16 - School District Funds And Accounts

Section 13-16-1 - Sources of school district funds.

Section 13-16-2 - Funds to comport with generally accepted accounting principles.

Section 13-16-3 - General fund defined.

Section 13-16-4 - Lease payments from general fund in federally affected areas--Purchase on option made from capital outlay fund.

Section 13-16-6 - Capital outlay fund--Definition--Uses--Levy.

Section 13-16-6.1 - Bidders on installment purchases or lease-purchase agreement to state interest rate and installment schedule.

Section 13-16-6.2 - Capital outlay certificates authorized--Issuance--Sale--Election--Maturity.

Section 13-16-6.3 - Hearing on installment purchase, lease-purchase or capital outlay certificates--Approval or reference to voters.

Section 13-16-6.4 - Referendum petition and election on installment purchase or capital outlay certificates.

Section 13-16-7 - Additional tax levy for certain funds or obligations--Pledge of taxes--Limitations.

Section 13-16-7.2 - Maximum taxes--Pledge of taxes.

Section 13-16-7.3 - Maximum pledge of taxes--Limitations.

Section 13-16-7.4 - Maximum pledge of taxes--Transition.

Section 13-16-8 - Bond and certificate proceeds placed in capital outlay fund.

Section 13-16-9 - Expenditure of money from capital outlay fund.

Section 13-16-9.1 - Validation of prior school district contracts.

Section 13-16-9.2 - Five-year plan required when fund used to construct new facilities or additions.

Section 13-16-9.3 - Public hearing for use of capital outlay fund--Notice.

Section 13-16-10 - Annual levy to pay school district bonds--Irrepealable--Exclusive of maximum levy.

Section 13-16-11 - Levy of annual tax for school district bonds--Reduction on accumulation of surplus in bond redemption fund.

Section 13-16-12 - Refunding bond proceeds placed in bond redemption fund--Reduction of annual tax levy.

Section 13-16-13 - Tax proceeds paid into bond redemption fund--Purposes for which used.

Section 13-16-14 - Restriction on transfers from bond redemption fund.

Section 13-16-15 - Designation of depositories for school district--Resolution.

Section 13-16-15.1 - Domestic savings and loan associations as official depositories--Restrictions.

Section 13-16-18 - Deposit and investment of fund accumulations--Crediting of interest--Maturity of bond redemption fund investments--Filing of resolutions.

Section 13-16-18.1 - Domestic federal credit union as public depository--Requirement.

Section 13-16-19 - Custodial funds--Stewardship--Designation of employee--Surety bond.

Section 13-16-20 - Disbursements--Records--Receipts--Payment of claims--Serially numbered ticket sales--Destruction of records.

Section 13-16-21 - Custodial funds--Monthly and annual reports--Audits.

Section 13-16-24 - Unlawful contracts and warrants void.

Section 13-16-26 - Transfers between school district funds.

Section 13-16-26.2 - Transfers from general fund--Prohibited--Exceptions.

Section 13-16-26.3 - Transfer of moneys between funds in newly consolidated districts--Restrictions--Reversion of funds--Promulgation of rules.

Section 13-16-26.4 - Transfer of certain special education funds to carry out activities under Elementary and Secondary Education Act.

Section 13-16-28 - Audit of school district books called by state, school board, or voters.

Section 13-16-29 - School district repayment fund created--Pledge of revenues--Creation of sub-funds or accounts.

Section 13-16-30 - Title VIII of the Elementary and Secondary Education Act fund.

Section 13-16-31 - Transfers from Title VIII fund.

Section 13-16-32 - Special education fund--Legal costs allowable expenditures.

Section 13-16-33 - School annual financial reports.

Section 13-16-35 - Use of admission fees for interscholastic activities by local organization--Approved purposes--Report to school board.