Section 1-16B-12 - Transfer of income from capital reserve fund to a general account--Continuousappropriation for purposes of chapter. - South Dakota Statutes

1-16B-12. Transfer of income from capital reserve fund to a general account--Continuous appropriation for purposes of chapter. The Economic Development Finance Authority may authorize a trustee to transfer any income from the capital reserve fund to a general account also in the custody of a trustee. The money in the authority's accounts is hereby continuously appropriated to the authority to carry out the purposes of this chapter.

Source: SL 1978, ch 9, § 37; SL 1994, ch 12.