7-27-15. Collection of receipts by fair board or corporation--Expenditure of funds--Annual report of receipts and expenditures.
In counties having a county fair board, or a lease-working agreement with a nonprofit corporation, such fair board or nonprofit corporation may be authorized to collect all of the above-mentioned receipts, pay all expenses, costs, premiums, and purses, and after the payment of said items, the net receipts shall be kept and maintained by said corporation as trust funds and expended only for the future development of the county fairgrounds and the purpose of the county fair, and related purposes. The county fair board or operating corporation must file with the county auditor an annual report of all receipts and expenditures not later than December thirty-first of each year.
Source: SDC 1939, §12.2602 as added by SL 1951, ch 31, §2.
Structure South Dakota Codified Laws
Chapter 27 - County Fairs And Exhibitions
Section 7-27-3 - Conduct of county fair by commissioners--Delegation of powers--Purposes of fair.
Section 7-27-6 - Lease of fair grounds--Maximum term--Purchase options--Sale or gift.
Section 7-27-10 - County fair board--Appointment, organization, and duties of board and officers.
Section 7-27-11 - Working agreement with nonprofit operating corporation.
Section 7-27-11.1 - Organization and incorporation of nonprofit fair corporations.
Section 7-27-12 - Lease of fair grounds and buildings--Purposes for which authorized.
Section 7-27-12.1 - Corporate county fair prohibited during state fair.
Section 7-27-14 - County fair receipts paid into general fund--Expenses paid from general fund.
Section 7-27-17 - County appropriations for aid of fair association or corporation.
Section 7-27-17.1 - Time of payment of aid to fair associations and corporations.
Section 7-27-20 - Confidentiality of contract terms and negotiations.