South Dakota Codified Laws 9-21-24.1. Encumbrance of unexpended appropriations for obligations incurred but not paid
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The governing body may by resolution not later than its first meeting in February encumber that portion of unexpended appropriations from the prior year for which applicable obligations were incurred but were not paid. The resolution shall state the appropriation account and amount encumbered. The auditor, clerk, or finance officer shall keep a detailed listing by payee and amount supporting such amount shown in the resolution for examination at the time of audit.
Terms Used In South Dakota Codified Laws 9-21-24.1
- 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 1971, ch 61; SL 1976, ch 74, § 1; SL 1979, ch 56.