Section 5-17-35 - Retention of working capital in cement plant fund--Transfers to reserve andreplacement fund. - South Dakota Statutes

5-17-35. Retention of working capital in cement plant fund--Transfers to reserve and replacement fund. The State Cement Plant Commission shall retain the amounts necessary for working capital and operating purposes in the State Cement Plant fund. At least once each year, any and all amounts necessary to fund the repairs, renewals, replacements, and improvements of the State Cement Plant shall be transferred from the State Cement Plant fund by resolution adopted by the commission to the cement plant reserve and replacement fund.

Source: SL 1966, ch 166, § 3.