South Dakota Codified Laws
Chapter 37 - Consumers Power District Powers And Operations
Section 49-37-24 - Investment of district funds--Regulations--Investment officer.

49-37-24. Investment of district funds--Regulations--Investment officer.
A consumer power district may invest, deposit or administer its public funds, moneys, and securities in the classes of securities and investments approved for investment of state public funds under the provisions of chapter 4-5. The board of directors of a district may promulgate investment policy regulations pertaining to the kind or nature of investments of any of the moneys, funds, or securities and any restrictions on the methods for investment which govern the person or firm designated by the board of directors to invest the district's moneys. The board may designate an officer, employee, other person or firm to act as its investment officer.

Source: SL 1981, ch 339.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 49 - Public Utilities and Carriers

Chapter 37 - Consumers Power District Powers And Operations

Section 49-37-1 - Usual corporate powers--Power to hold property in conduct of business--Authority to promote district.

Section 49-37-2 - Acquisition or operation of electric plants and systems inside or outside district--Singular or joint operations--Purpose.

Section 49-37-3.1 - Criteria considered in development of power systems--Alternative sources--Board determination as to size of facility.

Section 49-37-4 - Contractual powers--Sale of electrical appliances or equipment prohibited.

Section 49-37-4.1 - Contract to designate party as agent for itself and district--Delegation of contractual powers to agent.

Section 49-37-4.2 - Validation of prior contracts providing for designation of agent.