Purpose of capital reserve fund requirements

To assure the continued operation and solvency of the authority for the carrying out of its corporate purposes, provision is made in §§ 11-11-70 to 11-11-75 , inclusive, for the accumulation in each capital reserve fund created thereunder of an amount equal to the maximum capital reserve fund requirement for such fund. Source: SL 1973, ch 180 , § 39; SDCL Supp, § 28-19-60.