5-10-1.1. Board of Regents endowed institution interest and income fund created.
There is hereby created in the state treasury a fund called the Board of Regents endowed institution interest and income fund to be administered by the commissioner of school and public lands. Any investments of money in the fund shall be made by the State Investment Council. No allocations or expenditures may be made from the fund except as provided in §5-10-1.2. The fund shall be declared a participating fund and it shall be credited for all interest, dividends, and other income earned on fund balances, in accordance with the provisions of §5-10-18.3.
Source: SL 1989, ch 50, §1; SL 1997, ch 37, §2; SL 2001, ch 26, §4.
Structure South Dakota Codified Laws
Title 5 - Public Property, Purchases and Contracts
Chapter 10 - State School And Endowment Funds
Section 5-10-1.1 - Board of Regents endowed institution interest and income fund created.
Section 5-10-1.2 - Board of Regents endowed institution interest and income fund--Allocation.
Section 5-10-3 - Accounts and records maintained by commissioner.
Section 5-10-5 - Annual statement to counties of sale and lease payments coming due.
Section 5-10-16 - Delivery of payment by lessee or purchaser to state treasurer.
Section 5-10-17 - Credit to school and endowment fund.
Section 5-10-18 - Investment of permanent school funds.
Section 5-10-18.3 - Adjusting funds by rate of inflation--Procedure.
Section 5-10-23 - Bidding and purchase by state at judgment sale of school and public lands.
Section 5-10-24 - Maximum price bid by state--Allowance for prior encumbrances.