Disposition of income under chapter--Public building fund.

  1. Law
  2. South Dakota Codified Laws
  3. Public Property, Purchases and Contracts
  4. South Dakota Building Authority
  5. Disposition of income under chapter--Public building fund.

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5-12-34. Disposition of income under chapter--Public building fund.

The gross total income from:

(1)The sale of bonds;

(2)Charges, fees, or rentals; and

(3)All other revenue derived from any project undertaken pursuant to this chapter

shall be paid to the treasurer of the State of South Dakota. Said income shall be held by him in trust for the purposes of this chapter, in a special fund known as "the public building fund." The state treasurer shall be ex officio custodian of such fund. Disbursements shall be made from such fund upon the order of the Building Authority.

Source: SL 1967, ch 276, §8.


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