A water development district board of directors may establish a capital reserve fund. Dollars in the fund may not revert at the end of a fiscal year. The board may expend dollars from the fund, as necessary, for the purposes of chapters 46A-3A to 46A-3E, inclusive.
S.D. Codified Laws § 46A-3D-12
Capital reserve fund authorized--Allowed expenditures
Source: SL 1984 (SS), ch 1, § 44; SL 2025, ch 186, § 50.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.