South Dakota Statutes

§ 10-39-54.2 — Impact and economic diversification trust fund--Deposit of county funds therein--Threshold level for allocations.

South Dakota § 10-39-54.2
JurisdictionSouth Dakota
Title 10TAXATION
Ch. 10-39MINERAL SEVERANCE TAX

This text of South Dakota § 10-39-54.2 (Impact and economic diversification trust fund--Deposit of county funds therein--Threshold level for allocations.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
S.D. Codified Laws § 10-39-54.2 (2026).

Text

Upon receipt of any funds paid to a county under the provisions of §§ 10-39-54 to 10-39-54.4 , inclusive, the county treasurer shall deposit the funds in a trust account to be known as the impact and economic diversification trust fund. No allocation of such funds for authorized purposes may be made until the balance of such fund, including accumulated interest, initially reaches or exceeds a threshold level of four hundred thousand dollars.

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Legislative History

SL 1988, ch 101, § 3.

Nearby Sections

15
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Bluebook (online)
South Dakota § 10-39-54.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/10-39-54.2.