Section 13-39-71 - Payment of lease-purchase obligations from vocational education trust fund. - South Dakota Statutes

13-39-71. Payment of lease-purchase obligations from vocational education trust fund. All or any portion of the lease-purchase obligations under or in connection with any lease-purchase agreement authorized under §§ 13-39-66 and 13-39-67 may be paid or discharged out of moneys available from the investment earnings on the vocational education trust fund or from any amounts on deposit in the tuition subaccount of such fund upon the determination by the secretary of education to pledge or otherwise transfer such amounts to the health and educational facilities authority.

Source: SL 1987, ch 144, § 8; SL 1988, ch 149, § 6; SL 2003, ch 272, § 63.