46A-1-61. Authorization required for disbursements from fund--Form of appropriation from fund--Limit on grants.
All money disbursed from the water and environment fund shall be authorized by an act of the Legislature for projects approved as part of the state water resources management system or for ongoing programs that have been or shall be established by the Legislature for the purpose of managing the state's water resources. All appropriations from the fund shall be in the form of loans unless otherwise directed by the Legislature. A grant from the fund made after July 1, 1982, for any project may not exceed eighty percent of the nonfederal share of expenditures for that project.
Source: SL 1972, ch 241, §55; SL 1981 (2d SS), ch 3, §3; SL 1982, ch 316, §2; SDCL Supp, §46-17A-54; SL 1983, ch 315, §15; SL 1986, ch 291, §3; SL 1992, ch 254, §§8, 10; SL 1993, ch 334, §4; SL 2006, ch 2, §35.