The proceeds derived from the sale of any bonds shall be kept as a special fund apart from the other funds of the public body and shall be used exclusively for the purpose for which the bonds were issued. Source: SL 1984, ch 43 , § 13.
Disposition of proceeds
SDCL § 6-8B-13 — under BONDS OF LOCAL PUBLIC BODIES.
SDCL § 6-8B-13