Income credited to rural credit fund--Transfer to school funds.

  1. Law
  2. South Dakota Codified Laws
  3. Public Property, Purchases and Contracts
  4. Rural Credit Mineral Reservation
  5. Income credited to rural credit fund--Transfer to school funds.

Checkout our iOS App for a better way to browser and research.

5-8-3. Income credited to rural credit fund--Transfer to school funds.

All funds heretofore credited to the rural credit fund shall continue to be so credited. The commissioner of school and public lands shall from time to time direct the state treasurer to transfer moneys from the rural credit fund as follows: fifty percent to the common school interest and income fund and fifty percent to the common school permanent fund.

Source: SL 1955, ch 279, §§1 to 3; SDC Supp 1960, §55.3229; SL 1976, ch 20, §4; SL 1978, ch 44.


Download our app to see the most-to-date content.