Title 6 — LOCAL GOVERNMENT GENERALLY
24 chapters · 201 sections in this title.
SDCL § 6-14-1 Creation and transfer of endowment fund
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The governing body of a political subdivision of this state may, by resolution, create an endowment fund. Notwithstanding any other law to the contrary, the governing body may transfer any gift or donation to the endowment fund. The governing body may transfer ownership of the en…
SDCL § 6-14-2 Spending
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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 hearin…