11-7-28. Acceptance of grants and loans--Power to make loans.
A commission shall have further power to borrow and loan money or other property and accept contributions, grants, gifts, services, or other assistance from the federal government, state public bodies, or from any other public or private sources. A commission shall not have the power to loan money when available from private sources.
Source: SL 1950 (SS), ch 13, §7, subdiv 3 (3); SDC Supp 1960, §45.3607 (3) (c); SL 1975, ch 118, §2.