Section 13-53-15 - Receipt by state treasurer of institutional moneys--Distribution. - South Dakota Statutes

13-53-15. Receipt by state treasurer of institutional moneys--Distribution. The state treasurer shall receive and receipt all moneys arising from any of the educational institutions under the control of the Board of Regents. Moneys collected pursuant to § 13-53-6 shall be deposited eighty percent into the tuition and fees fund which is hereby created and continuously appropriated to the Board of Regents and twenty percent into the higher education facilities fund. Moneys collected from interest on permanent funds or from lease income from lands granted to the state for the use and benefit of each institution shall be deposited into the Board of Regents endowed institution interest and income fund created by § 5-10-1.1.

Source: SDC 1939, § 15.0723; SL 1965, ch 36, § 2; SL 1977, ch 143, § 1; SL 1978, ch 126, § 2; SL 1982, ch 154, § 1; SL 1983, ch 137, § 1; SL 1989, ch 50, § 3; SL 1994, ch 141.