South Dakota Statutes

§ 11-11-73 — Transfer to other funds of capital reserve fund income.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY
Any income or interest earned by, or increment to, any capital reserve fund due to the investment thereof may be transferred by the authority to other funds or accounts of the authority to the extent it does not reduce the amount of such capital reserve fund below the maximum capital reserve fund requirement for such fund.

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South Dakota § 11-11-73 (Transfer to other funds of capital reserve fund income.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1973, ch 180, § 38; SDCL Supp, § 28-19-64.

Nearby Sections

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