Custody And Investment Of State Funds

  1. Law
  2. South Dakota Codified Laws
  3. Public Fiscal Administration
  4. Custody And Investment Of State Funds

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Section
4-5-1

State treasurer not to profit from use of funds--Felony--Civil liability.

Section
4-5-2

Incidental funds established for state institutions--Initial warrant.

Section
4-5-3

Purposes for which institution incidental funds may be used.

Section
4-5-4

Accounting for disbursements and reimbursement of institution incidental funds.

Section
4-5-4.1

Limitation of warrants on institutions' funds--Diversion of other funds prohibited--Proration of income.

Section
4-5-4.2

Repealed by SL 1985, ch 33, § 35.

Section
4-5-5

Investment of political subdivision funds--Funds subject to provisions.

Section
4-5-6

Investment in securities of or guaranteed by United States, repurchase agreements, or shares of registered investment companies.

Section
4-5-6.1

Investment of public funds not needed for current operating expenses--Conditions.

Section
4-5-6.2

Investment in direct obligations of county, municipality, or school district or in bonds issued by state authority.

Section
4-5-7

Superseded.

Section
4-5-8

Investment policies for local funds determined by governing board.

Section
4-5-9

Custody or deposit of investments--Exception--Credit of interest earned.

Section
4-5-10

Application for redemption of securities.

Section
4-5-11

Supplemental authority for investment of public funds.

Section
4-5-12

State Investment Council continued.

Section
4-5-12.1

Regulations and reports provided to state treasurer.

Section
4-5-13

Appointment and terms of investment council members.

Section
4-5-14

Council members—Qualifications--Restrictions.

Section
4-5-14.1

Exceptions to § 4-5-14.

Section
4-5-15

Repealed by SL 1971, ch 23, § 2.

Section
4-5-16

Removal of council member from office--Filling of vacancies.

Section
4-5-17

Election of chairman.

Section
4-5-18

Division of investment continued--Immediate supervision.

Section
4-5-18.1

Repealed by SL 1974, ch 38, § 4.

Section
4-5-19

Appointment of state investment officer--Removal--Qualifications.

Section
4-5-20

Investment officer to devote full time--Salary.

Section
4-5-21

State employees' blanket bond coverage--Premium.

Section
4-5-22

Annual budget for division--Appointment of employees.

Section
4-5-23

Public funds to be invested by investment officer--Functions transferred--Agreements with risk-sharing entities.

Section
4-5-24

Omitted.

Section
4-5-25

Monthly reports to investment officer of state transactions.

Section
4-5-26

Classes of investments approved.

Section
4-5-27

Prudent-man standard required in investments.

Section
4-5-28

Policy regulations and restrictions formulated by council.

Section
4-5-29

Investment officer authorized to make transactions--Duty to protect state interests.

Section
4-5-29.1

Health care trust fund--Investment officer to calculate amount eligible for distribution--Transfer to state general fund.

Section
4-5-29.2

Education enhancement trust fund--Calculation of amount eligible for distribution--Transfer to general fund--Postsecondary scholarship grant programs.

Section
4-5-29.3

Indemnity provision--Authorization.

Section
4-5-30

Pooling of cash accounts--Certification by Appropriations Committee--Prorating of income--Transfer of money to investment council expense account.

Section
4-5-30.1

4-5-30.1.Repealed by SL 2015, ch 37, §1, eff. Mar. 13, 2015.

Section
4-5-31

Physical custody of securities purchased--Deposit with fiscal agent.

Section
4-5-32

Monthly report to investment council--Contents--Public inspection.

Section
4-5-33

Meetings of investment council--Access to records--Inspection and review.

Section
4-5-34

Proceedings to collect principal or interest on investments--Refunding of securities held.

Section
4-5-35

Post-audit of investment transactions--Annual report of auditor-general.

Section
4-5-36

Reports to Legislature by investment council.

Section
4-5-37

Conflicts with other laws.

Section
4-5-38

Severability of provisions.

Section
4-5-39

Short title.

Section
4-5-40

Agreement to purchase general obligation funding bonds--Certification and approval required--Bonds to bear interest, mature, etc.

Section
4-5-41

School district eligibility--Determination and certification.

Section
4-5-42

Prudent investment defined--Liability.

Section
4-5-43

Obligation to purchase--Enforceability.

Section
4-5-44

Cost of participation.

Section
4-5-45

4-5-45, 4-5-46.Repealed by SL 2015, ch 39, §§3, 4.

Section
4-5-47

Investment of trust fund containing proceeds from sale of state cement enterprises.

Section
4-5-48

Definition of terms related to investments in companies liable under Iran Sanctions Act.

Section
4-5-49

Identification of holdings in scrutinized companies.

Section
4-5-50

List of scrutinized companies.

Section
4-5-51

Updating scrutinized companies list.

Section
4-5-52

Procedures with respect to companies on scrutinized companies list.

Section
4-5-53

Divestiture of securities in companies with scrutinized business operations.

Section
4-5-54

Acquisition of securities in companies with scrutinized business operations prohibited.

Section
4-5-55

Exemption from divestiture requirements.

Section
4-5-56

Inapplicability to certain investments.

Section
4-5-57

Indirect holdings in actively managed investment funds.

Section
4-5-58

Report to Legislative Research Council Executive Board.

Section
4-5-59

Circumstances under which §§ 4-5-48 to 4-5-60, inclusive, become inoperative.

Section
4-5-60

Construction with other state law.