Section 11-11-70 - Establishment of capital reserve funds--Moneys paid into funds. - South Dakota Statutes

11-11-70. Establishment of capital reserve funds--Moneys paid into funds. The authority shall create and establish one or more special funds (herein referred to as "capital reserve funds"), and shall pay into each such capital reserve fund:
(1) Any moneys appropriated and made available by the state for the purpose of such fund;
(2) Any proceeds of sale of notes or bonds, to the extent provided in the resolution or resolutions of the authority authorizing the issuance thereof; and
(3) Any other moneys which may be made available to the authority for the purpose of such fund from any other source or sources.

Source: SL 1973, ch 180, § 38; SDCL Supp, § 28-19-61.