Except as provided in § 13-53-19, expenditures shall be made only by express authority of the Board of Regents first obtained, and no indebtedness shall ever be permitted or incurred except against funds already available for such purpose, and no expenditure from any fund shall, under any circumstances, be made except for the legal purpose for which such fund exists and for the institution to which it belongs.
S.D. Codified Laws § 13-53-18
Board approval of expenditures required--Indebtedness limited to available funds--Expenditures limited by legal purposes
Source: SDC 1939, § 15.0724; SL 1955, ch 40.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.