SDCL § 13-15-6: School operating under federal contract credited to district--Application of school district laws--Eligibility for state and county school funds.

School districts entering into contractual agreements specified in § 13-15-3 shall be considered as operating a school whether or not the school is located within the boundary of such district. It shall be subject to the same laws as any other school district. It shall be eligible to receive all state and county school funds to which other school districts are entitled.