South Dakota Statutes

§ 11-7-31 — Power to invest reserve and debt service funds.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-7 COUNTY AND MUNICIPAL HOUSING AND REDEVELOPMENT
A commission shall have further power to invest any funds held in reserves or debt service funds, or any funds not required for immediate disbursement, in property or securities in which savings banks may legally invest funds subject to their control.

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South Dakota § 11-7-31 (Power to invest reserve and debt service funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1950 (SS), ch 13, § 7, subdiv 3 (6); SDC Supp 1960, § 45.3607 (3) (f).

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