49-16C-5. Expenditures to match federal funds.
The South Dakota State Railroad Board may, with the approval of the Governor, expend funds from the railroad trust fund to match federal railroad rehabilitation funds.
Source: SL 1981, ch 100, ยง9.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 16C - Railroad Trust Fund
Section 49-16C-1 - Railroad trust fund--Creation--Expenditure.
Section 49-16C-2 - Transfer of money to railroad authority fund.
Section 49-16C-3 - Loans to regional railroad authorities--Procedure.
Section 49-16C-4 - Interest and fees on loans to regional authorities.
Section 49-16C-5 - Expenditures to match federal funds.
Section 49-16C-6 - Expenditure to join other states in preserving certain railroad.
Section 49-16C-7 - Continuous appropriation of fund.
Section 49-16C-8 - Purchase of rolling stock or operation of railroad not authorized.