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South Dakota Constitution

Article XIII, § 20 — Trust fund created from proceeds of state cement enterprise – Investment

South Dakota Const. art. XIII, § 20

South Dakota Const. art. XIII, § 20 (Trust fund created from proceeds of state cement enterprise – Investment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionSouth DakotaDocumentConstitution
ArticleXIII
Section§ 20
CitationSouth Dakota Const. art. XIII, § 20
Bluebook
S.D. Const. art. XIII, § 20.

Full Text

The net proceeds derived from the sale of state cement enterprises shall be deposited by the South Dakota Cement Commission in a trust fund hereby created to benefit the citizens of South Dakota. The South Dakota Investment Council or its successor shall invest the trust fund in stocks, bonds, mutual funds, and other financial instruments as provided by law.

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