Section 13-13-12 - Foundation program fund established--Moneys included--Custody of statetreasurer. - South Dakota Statutes

13-13-12. Foundation program fund established--Moneys included--Custody of state treasurer. There is hereby established the foundation program fund which shall consist of money appropriated by the State Legislature for distribution according to the provisions of §§ 13-13-10.1 to 13-13-41, inclusive, and any other source receipts which may become available to be included in this fund. All appropriations to the fund and resources of the fund shall be maintained in the custody of the state treasurer and shall be distributed to school districts as provided by §§ 13-13-10.1 to 13-13-41, inclusive.

Source: SL 1959, ch 67; SDC Supp 1960, § 15.2246 (3); SL 1961, ch 76, § 1; SL 1963, ch 77; SL 1969, ch 44, § 3; SL 1989, ch 30, § 38.