17 chapters · 616 sections in this title.
SDCL § 11-11-70 Establishment of capital reserve funds--Moneys paid into funds
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The authority shall create and establish one or more special funds to be referred to in this chapter as capital reserve funds, and shall pay into each such capital reserve fund: (1) Any moneys appropriated and made available by the state for the purpose of such fund; (2) Any proc…
SDCL § 11-11-71 Amount required in capital reserve fund for each year
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For the purposes of §§ 11-11-72 to 11-11-75 , inclusive, the term "maximum capital reserve fund requirement" shall mean, as of any particular date of computation, an amount of money, if provided in the resolution or resolutions of the authority authorizing the bonds secured in wh…
SDCL § 11-11-72 Valuation of securities held by capital reserve funds
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In computing the amount of the capital reserve funds for the purpose of §§ 11-11-71 to 11-11-75 , inclusive, securities in which all or a portion of such funds shall be invested shall be valued at par or if purchased at less than par, at their cost to the authority. Source: SL 19…
SDCL § 11-11-73 Transfer to other funds of capital reserve fund income
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Any income or interest earned by, or increment to, any capital reserve fund due to the investment thereof may be transferred by the authority to other funds or accounts of the authority to the extent it does not reduce the amount of such capital reserve fund below the maximum cap…