S.D. Codified Laws § 6-14-2
Current through the 2024 Legislative Session
The interest earned from the revenue in an endowment fund created pursuant to § 6-14-1 may be spent by the governing body of a political subdivision for any legal purpose. The principal in an endowment fund may be expended by the governing body by resolution after a public hearing called for that purpose.
SDCL 6-14-2