South Dakota § 11-15-2 Creation--Purpose--Continuous appropriation--Payment.

South Dakota Statutes

§ 11-15-2 — Creation--Purpose--Continuous appropriation--Payment.

South Dakota § 11-15-2

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-14SOUTH DAKOTA HOUSING INFRASTRUCTURE FUND

This text of South Dakota § 11-15-2 (Creation--Purpose--Continuous appropriation--Payment.) 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 § 11-15-2 (2026).

Text

There is hereby created the South Dakota housing infrastructure fund, to be administered by the authority, for the purpose of making loans and grants for housing infrastructure projects. Any repayment of the principal amount of a loan, and any interest thereon must be deposited into the fund and used for making new loans. Unexpended money and any interest that may be credited to the fund shall remain in the fund. Money in the fund designated for loans is hereby continuously appropriated for the purposes provided in §§ 11-15-3 and 11-15-4 . The executive director of the authority shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized from this fund.

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There is hereby created the South Dakota housing infrastructure fund, to be administered by the authority, for the purpose of making loans and grants for housing infrastructure projects. Any repayment of the principal amount of a loan, and any interest thereon must be deposited into the fund and used for making new loans. Unexpended money and any interest that may be credited to the fund shall remain in the fund. Money in the fund designated for loans is hereby continuously appropriated for the purposes provided in §§ 11-15-3 and 11-15-4 . The executive director of the authority shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized from this fund.