Section 4-5-30.1 - State investment officer shall conduct annual estimated and actual proration due togeneral fund. - South Dakota Statutes

4-5-30.1. State investment officer shall conduct annual estimated and actual proration due to general fund. Notwithstanding the provisions of § 4-5-30, on or about June first of each fiscal year the state investment officer shall estimate the proration due to the general fund for the next fiscal year. No later than June fifteenth of that fiscal year, the state investment officer shall credit the general fund with an amount equal to ninety percent of the estimated proration due to the general fund for the next fiscal year. At such time that the actual proration to the general fund is determined, the state investment officer shall credit or debit the remaining proration due to the general fund.

Source: SL 2003, ch 29, § 1.