All moneys arising from such leases or the production of oil or gas thereunder shall become a part of the general funds of such school district. Source: SL 1941, ch 72 , § 3; SL 1955, ch 41 , ch 11, § 4; SDC Supp 1960, § 15.2104.
Oil and gas proceeds paid into district general fund
SDCL § 13-24-8 — under SCHOOL GROUNDS AND BUILDINGS.
SDCL § 13-24-8