South Dakota Statutes

§ 6-14-2 — Spending.

South Dakota·Title 6 LOCAL GOVERNMENT GENERALLY·Ch. 6-14 ENDOWMENT FUNDS

The interest earned from the revenue in an endowment fund created pursuant to § 6-14-1 may be spent by the governing body of a political subdivision for any legal purpose. The principal in an endowment fund may be expended by the governing body by resolution after a public hearing called for that purpose.

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South Dakota § 6-14-2 (Spending.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1991, ch 56, § 2.

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