South Dakota Codified Laws 36-21D-7. Expenditure from fund only upon appropriation
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Any expenditure of money from the South Dakota appraisal management companies fund shall be made only upon appropriation by the Legislature through either the general appropriations act or a special appropriations bill.
Terms Used In South Dakota Codified Laws 36-21D-7
- Appraisal: A determination of property value.
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
Source: SL 2011, ch 184, § 7.