Deposit in bank of district receipts--Warrants for disbursement.

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  5. Deposit in bank of district receipts--Warrants for disbursement.

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34-31A-32. Deposit in bank of district receipts--Warrants for disbursement.

All funds collected on behalf of the district through the levy of taxes; all donations, contributions, bequests, or annuities; and all borrowed money received by or on behalf of the district shall be deposited in state or national bank to the credit of the district fund and shall be drawn out only by warrant.

Source: SL 1971, ch 208, §§7 (3), 9; SDCL Supp, §34-31A-26.


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