Section 46A-7A-147 - Deposit of funds with state treasurer--Responsibility and reports of state treasurer. - South Dakota Statutes

46A-7A-147. Deposit of funds with state treasurer--Responsibility and reports of state treasurer. The board may draw from any district fund to deposit in the state treasury any sum in excess of twenty-five thousand dollars. The state treasurer shall receive and receipt the deposit and place it to the credit of the district or to any designated fund of the district. He is responsible upon his official bond for investment, safekeeping, and disbursement of the funds as provided in this chapter. He shall pay out funds only to the treasurer of the district upon an order of the board, signed by the president and attested by the secretary. The state treasurer shall report in writing each month on the amount of money in the state 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: SL 1985, ch 360, § 147.