There is established within the state treasury the insurance operating fund, into which must be deposited all fees received by the Division of Insurance. All moneys in the fund created by this section shall be budgeted and expended in accordance with the provisions of Title 4 on warrants drawn by the state auditor on vouchers approved by the secretary of the Department of Labor and Regulation. Expenditures from the fund may be made only to pay the necessary expenses of purposes specified in chapters 37-5B, 37-25A, 47-31B, and 47-33, and title 58.
S.D. Codified Laws § 4-4-4.3
Insurance operating fund established--Continuous appropriation--Permitted expenditures
Source: SL 1989, ch 48, § 1; SL 2003, ch 272 (Ex
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.