For the purpose of financial reporting, each combined project will have its financial affairs, expenditures and revenues, set out clearly in the financial statement of the institution, and the South Dakota auditor-general will audit each project on a separate basis and attest to the aforementioned financial condition of each separate project as presented in the financial report of the institution.
S.D. Codified Laws § 13-51A-41
Accounting for project financing--Audits
Known as the Board of Regents Revenue Bond Act
The act spans §§ 13–13 (44 sections).
Source: SL 1971, ch 134, § 7.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.