Section 5-24-16 - Funds appropriated for payment of insurance premiums--Exemption from § 4-8-21--Revision of funds if not contractually obligated. - South Dakota Statutes

5-24-16. Funds appropriated for payment of insurance premiums--Exemption from § 4-8-21--Revision of funds if not contractually obligated. The provisions of § 4-8-21 do not apply to the funds appropriated by SL 2004, ch 64, for the payment of insurance premiums. If by June 30, 2008, the funds appropriated by this Act for the payment of insurance premiums are not contractually obligated as a part of a written agreement between the owners of the former Homestake Mine and the authority whereby the owners will agree to convey portions of the former mine to the authority upon the terms and conditions to be set forth in the agreement, or if by June 30, 2008, the funds are contractually obligated but the written agreement is thereafter terminated by mutual agreement of the authority and the former owners of the mine, the funds appropriated by SL 2004, ch 64, for the payment of insurance premiums shall revert to the state general fund.

Source: SL 2004, ch 64, § 4.