No warrants shall be drawn in excess of the funds made available in the institutions' funds by the Board of Regents and at no time shall any money from other funds be diverted to the use of the institutions' funds. The state investment officer shall prorate all income to the institutions as required by § 4-5-30.
S.D. Codified Laws § 4-5-4.1
Limitation of warrants on institutions' funds--Diversion of other funds prohibited--Proration of income
Known as the Investment of State Funds Law
The act spans §§ 4–4 (70 sections).
Source: SL 1977, ch 37, § 1; SL 1985, ch 33, § 34.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.