South Dakota § 13-53-18 Board approval of expenditures required--Indebtedness limited to available funds--Expenditures limited by legal purposes.

South Dakota Statutes

§ 13-53-18 — Board approval of expenditures required--Indebtedness limited to available funds--Expenditures limited by legal purposes.

South Dakota·Title 13 EDUCATION·Ch. 13-52 ADMINISTRATION OF STATE INSTITUTIONS

Except as provided in § 13-53-19 , expenditures shall be made only by express authority of the Board of Regents first obtained, and no indebtedness shall ever be permitted or incurred except against funds already available for such purpose, and no expenditure from any fund shall, under any circumstances, be made except for the legal purpose for which such fund exists and for the institution to which it belongs.

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Except as provided in § 13-53-19 , expenditures shall be made only by express authority of the Board of Regents first obtained, and no indebtedness shall ever be permitted or incurred except against funds already available for such purpose, and no expenditure from any fund shall, under any circumstances, be made except for the legal purpose for which such fund exists and for the institution to which it belongs.

South Dakota § 13-53-18 (Board approval of expenditures required--Indebtedness limited to available funds--Expenditures limited by legal purposes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.