South Dakota Statutes

§ 4-5-8 — Investment policies for local funds determined by governing board.

South Dakota § 4-5-8

JurisdictionSouth Dakota

Title 4PUBLIC FISCAL ADMINISTRATION

Ch. 4-3CUSTODY AND INVESTMENT OF STATE FUNDS

This text of South Dakota § 4-5-8 (Investment policies for local funds determined by governing board.) 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 § 4-5-8 (2026).

Text

Investments of public funds as defined in § 4-5-5 shall be made only after the adoption of a proper resolution by the governing board of such county, municipality, township, or school district. Such resolution shall state the investment policies to be followed by the treasurer thereof.

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Legislative History

SL 1945, ch 359, § 2; SDC Supp 1960, § 48.0507; SL 1961, ch 258, § 1; SL 1967, ch 237, § 1; SL 1972, ch 25.

Nearby Sections

15

§ 4-1-1

Composition of State Board of Finance--Quorum--Chairman and secretary.

§ 4-1-2

Record of proceedings open to public--Meetings of board.

§ 4-1-3

Repealed by SL 1984, ch 30, § 65.

§ 4-1-4

Administrative direction and supervision by secretary of state--Independent functions retained by board.

§ 4-1-5

Disqualification of member of board--Selection of replacement.

§ 4-10-1

State treasurer's accounts of receipts and disbursements.

§ 4-10-10

State fiscal year.

§ 4-10-11

Failure by public officer to publish financial statement--Petty offense--Salary forfeiture--Removal from office.

§ 4-10-12

Repealed by SL 1976, ch 158, §

§ 4-10-2

Legislative inspection of treasurer's records.

§ 4-10-3

Accounts kept by state budgetary accounting system.

§ 4-10-4

Monthly reconciliation of accounting system balances with bank account records.

§ 4-10-5

Reconciliation of auditor's and treasurer's accounts--Adjustments and transfers.

§ 4-10-6

Budgetary accounting reports to state auditor--Review of system--Recommendations for change.

§ 4-10-7

Receipts, warrants, and documents kept by auditor.

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Bluebook (online)

South Dakota § 4-5-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/4-5-8.