Section 46A-6-43 - Funds of district--Withdrawal from construction fund and deposit in countytreasury--Safekeeping and distribution by county treasurer--Monthly report ofcounty treasurer, verification - South Dakota Statutes

46A-6-43. Funds of district--Withdrawal from construction fund and deposit in county treasury--Safekeeping and distribution by county treasurer--Monthly report of county treasurer, verification, filing with secretary of board of directors. The board of directors may draw from time to time from the construction fund and deposit, in the county treasury of the county where the office of the board is situated, any sum in excess of twenty-five thousand dollars. The county treasurer is hereby authorized and required to receive and receipt for the same and place the same to the credit of the district, and he shall be responsible upon his official bond for the safekeeping and disbursement of the same as in this chapter provided. He shall pay out the same, or any part thereof, only to the treasurer of the district and upon the order of the board, signed by the president and attested by the secretary. The county treasurer shall report in writing on the second Monday in each month the amount of money in the county treasury credited to the district, the amount of receipts for the month preceding, and the amount of money paid out; the report shall be verified and filed with the secretary of the board.

Source: SDC 1939, § 61.0920; SDCL, § 46-14-42.