The state investment officer shall annually prepare a budget which shall be reviewed and approved by the State Investment Council and the Executive Board of the Legislative Research Council, prior to submission to the Bureau of Finance and Management. Subject to the appropriate rules and regulations regarding state employment, the state investment officer shall appoint all employees of the Division of Investment.
S.D. Codified Laws § 4-5-22
Annual budget for division--Appointment of employees
Known as the Investment of State Funds Law
The act spans §§ 4–4 (70 sections).
Source: SL 1971, ch 27, § 12; SL 1987, ch 44, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.