SDCL § 6-14-2: Spending.
Where this section sits in the code
- TITLE 6. LOCAL GOVERNMENT GENERALLY
- CHAPTER 6-14. ENDOWMENT FUNDS
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 hearing called for that purpose.
Collected 2026-09-03T15:18:56Z. Source file · JSON