STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Chapter 05 - Custody and Investment of State Funds

• Section 4-5-1 - State treasurer not to profit from use of funds--Felony--Civil liability.
• Section 4-5-2 - Incidental funds established for state institutions--Initial warrant.
• Section 4-5-3 - Purposes for which institution incidental funds may be used.
• Section 4-5-4 - Accounting for disbursements and reimbursement of institution incidental funds.
• Section 4-5-4.1 - Limitation of warrants on institutions' funds--Diversion of other funds prohibited--Proration of income.
• Section 4-5-4.2 - Repealed.
• Section 4-5-5 - Investment of political subdivision funds--Funds subject to provisions.
• Section 4-5-6 - Investment in securities of or guaranteed by United States, repurchase agreements,or shares of registered investment companies.
• Section 4-5-6.1 - Investment of public funds in certificates of deposit--Conditions.
• Section 4-5-7 - Superseded.
• Section 4-5-8 - Investment policies for local funds determined by governing board.
• Section 4-5-9 - Custody or deposit of investments--Exception--Credit of interest earned.
• Section 4-5-10 - Application for redemption of securities.
• Section 4-5-11 - Supplemental authority for investment of public funds.
• Section 4-5-12 - State Investment Council continued.
• Section 4-5-12.1 - Regulations and reports provided to state treasurer.
• Section 4-5-13 - Appointment and terms of investment council members.
• Section 4-5-14 - Qualifications of council members--Restrictions on business and political activities.
• Section 4-5-14.1 - Exceptions to § 4-5-14.
• Section 4-5-15 - Repealed.
• Section 4-5-16 - Removal of council member from office--Filling of vacancies.
• Section 4-5-17 - Election of chairman.
• Section 4-5-18 - Division of investment continued--Immediate supervision.
• Section 4-5-18.1 - Repealed.
• Section 4-5-19 - Appointment of state investment officer--Removal--Qualifications.
• Section 4-5-20 - Investment officer to devote full time--Salary.
• Section 4-5-21 - State employees' blanket bond coverage--Premium.
• Section 4-5-22 - Annual budget for division--Appointment of employees.
• Section 4-5-23 - Public funds to be invested by investment officer--Functions transferred--Agreementswith risk-sharing entities.
• Section 4-5-24 - Omitted.
• Section 4-5-25 - Monthly reports to investment officer of state transactions.
• Section 4-5-26 - Classes of investments approved.
• Section 4-5-27 - Prudent-man standard required in investments.
• Section 4-5-28 - Policy regulations and restrictions formulated by council.
• Section 4-5-29 - Investment officer authorized to make transactions--Duty to protect state interests.
• Section 4-5-29.1 - Health care trust fund--Investment officer to calculate amount eligible fordistribution--Transfer to state general fund.
• Section 4-5-29.2 - Education enhancement trust fund--Investment officer to calculate amount eligiblefor distribution--Transfer to state general fund.
• Section 4-5-30 - Pooling of cash accounts--Certification by appropriations committee--Prorating ofincome--Transfer of money to investment council expense fund--Amount.
• Section 4-5-30.1 - State investment officer shall conduct annual estimated and actual proration due togeneral fund.
• Sections 4-5-31, 4-5-32 - Physical custody of securities purchased--Deposit with fiscal agent. Monthly report to investment council--Contents--Public inspection
• Section 4-5-33 - Meetings of investment council--Access to records--Inspection and review.
• Section 4-5-34 - Proceedings to collect principal or interest on investments--Refunding of securitiesheld.
• Section 4-5-35 - Post-audit of investment transactions--Annual report of auditor-general.
• Section 4-5-36 - Reports to Legislature by investment council.
• Section 4-5-37 - Conflicts with other laws.
• Section 4-5-38 - Severability of provisions.
• Section 4-5-39 - Short title.
• Section 4-5-40 - Agreement to purchase general obligation funding bonds--Certification and approvalrequired--Bonds to bear interest, mature, etc.
• Section 4-5-41 - School district eligibility--Determination and certification.
• Section 4-5-42 - Prudent investment defined--Liability.
• Section 4-5-43 - Obligation to purchase--Enforceability.
• Section 4-5-44 - Cost of participation.
• Section 4-5-45 - Education enhancement tobacco tax fund created.
• Section 4-5-46 - Health care tobacco tax fund created.
• Section 4-5-47 - Investment of trust fund containing proceeds from sale of state cement enterprises.
• Section 4-5-48 - Definition of terms related to investments in companies liable under Iran SanctionsAct.
• Section 4-5-49 - Identification of holdings in scrutinized companies.
• Section 4-5-50 - List of scrutinized companies.
• Section 4-5-51 - Updating scrutinized companies list.
• Section 4-5-52 - Procedures with respect to companies on scrutinized companies list.
• Section 4-5-53 - Divestiture of securities in companies with scrutinized business operations.
• Section 4-5-54 - Acquisition of securities in companies with scrutinized business operationsprohibited.
• Section 4-5-55 - Exemption from divestiture requirements.
• Section 4-5-56 - Inapplicability to certain investments.
• Section 4-5-57 - Indirect holdings in actively managed investment funds.
• Section 4-5-58 - Report to Legislative Research Council Executive Board.
• Section 4-5-59 - Circumstances under which §§ 4-5-48 to 4-5-60, inclusive, become inoperative.