5-10-6. Apportionment among counties and institutions of income from school lands and funds.
The commissioner of school and public lands, after any adjustments that have been made pursuant to §5-10-18.3, shall make a division and apportionment of all funds derived from the leasing of school and public lands, from interest, dividends, and other income on all invested funds derived from the sale of school and public lands, and from interest, dividends, and other income on invested funds derived from the five percent paid to the state by the United States on sales of public lands within the state, such apportionment to be made among the counties, and the educational, penal, and charitable institutions, as provided by law.
Source: SDC 1939, §15.0108; SL 2001, ch 26, §5.
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.