In preparing the school district budget, the school board may include a line item for contingencies. The line item shall be included in the annual budget and shall not exceed five percent of the total school district budget. The school board may by resolution transfer contingency funds to any budget category except capital outlay.
S.D. Codified Laws § 13-11-2.1
Contingency line item in budget--Maximum--Transfer of funds
Applied in 1 court decision — leading case Rapid City Area School District No. 51-4 v. Pennington County Auditor (1979)
Most recently applied in Rapid City Area School District No. 51-4 v. Pennington County Auditor (October 1979)
Source: SL 1977, ch 119, § 3.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.