Valuation of securities held by capital reserve funds.

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11-11-72. Valuation of securities held by capital reserve funds.

In computing the amount of the capital reserve funds for the purpose of §§11-11-71 to 11-11-75, inclusive, securities in which all or a portion of such funds shall be invested shall be valued at par or if purchased at less than par, at their cost to the authority.

Source: SL 1973, ch 180, §38; SDCL Supp, §28-19-63.


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