All funds collected on behalf of the district through the levy of taxes; all donations, contributions, bequests, or annuities; and all borrowed money received by or on behalf of the district shall be deposited in state or national bank to the credit of the district fund and shall be drawn out only by warrant.
S.D. Codified Laws § 34-31A-32
Deposit in bank of district receipts--Warrants for disbursement
Source: SL 1971, ch 208, §§ 7 (3), 9; SDCL Supp, § 34-31A-26.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.