Section 5-12-58 - Tobacco settlement residual fund established. - South Dakota Statutes

5-12-58. Tobacco settlement residual fund established. The tobacco settlement residual fund is established in the state treasury. The amounts received by the state pursuant to any residual interest in tobacco settlement revenues shall, upon receipt, be transferred to and deposited in the tobacco settlement residual fund. The amounts in the tobacco settlement residual fund shall be state public funds within the meaning of chapter 4-4 and shall remain in such fund until appropriated by the Legislature. The amounts in the tobacco settlement residual fund shall be invested in permitted investments or otherwise in accordance with §§ 4-5-23 and 4-5-26.

Source: SL 2001, ch 27, § 11.