§ 4-5-1 State treasurer not to profit from use of funds–Felony–Civil liability
§ 4-5-2 Incidental funds established for state institutions–Initial warrant
§ 4-5-3 Purposes for which institution incidental funds may be used
§ 4-5-4 Accounting for disbursements and reimbursement of institution incidental funds
§ 4-5-4.1 Limitation of warrants on institutions’ funds–Diversion of other funds prohibited–Proration of income
§ 4-5-5 Investment of political subdivision funds–Funds subject to provisions
§ 4-5-6 Investment in securities of or guaranteed by United States, repurchase agreements, or shares of registered investment companies
§ 4-5-6.1 Investment of public funds not needed for current operating expenses–Conditions
§ 4-5-6.2 Investment in direct obligations of county, municipality, or school district or in bonds issued by state authority
§ 4-5-8 Investment policies for local funds determined by governing board
§ 4-5-9 Custody or deposit of investments–Exception–Credit of interest earned
§ 4-5-10 Application for redemption of securities
§ 4-5-11 Supplemental authority for investment of public funds
§ 4-5-12 State Investment Council continued
§ 4-5-12.1 Regulations and reports provided to state treasurer
§ 4-5-13 Appointment and terms of investment council members
§ 4-5-14 Council members–Qualifications–Restrictions
§ 4-5-16 Removal of council member from office–Filling of vacancies
§ 4-5-17 Election of chairman
§ 4-5-18 Division of investment continued–Immediate supervision
§ 4-5-19 Appointment of state investment officer–Removal–Qualifications
§ 4-5-20 Investment officer to devote full time–Salary
§ 4-5-21 State employees’ blanket bond coverage–Premium
§ 4-5-22 Annual budget for division–Appointment of employees
§ 4-5-23 Public funds to be invested by investment officer–Functions transferred–Agreements with risk-sharing entities
§ 4-5-25 Monthly reports to investment officer of state transactions
§ 4-5-26 Classes of investments approved
§ 4-5-27 Prudent-person standard required in investments
§ 4-5-28 Policy regulations and restrictions formulated by council
§ 4-5-29 Investment officer authorized to make transactions–Duty to protect state interests
§ 4-5-29.1 Health care trust fund–Investment officer to calculate amount eligible for distribution–Transfer to state general fund
§ 4-5-29.2 Education enhancement trust fund–Calculation of amount eligible for distribution–Transfer to general fund–Postsecondary scholarship grant programs
§ 4-5-29.3 Indemnity provision–Authorization
§ 4-5-30 Pooling of cash accounts–Certification by Appropriations Committee–Prorating of income–Transfer of money to investment council expense account
§ 4-5-31 Physical custody of securities purchased–Deposit with fiscal agent
§ 4-5-32 Monthly report to investment council–Contents–Public inspection
§ 4-5-33 Meetings of investment council–Access to records–Inspection and review
§ 4-5-34 Proceedings to collect principal or interest on investments–Refunding of securities held
§ 4-5-35 Post-audit of investment transactions–Annual report of auditor-general
§ 4-5-36 Reports to Legislature by investment council
§ 4-5-37 Conflicts with other laws
§ 4-5-38 Severability of provisions
§ 4-5-39 Short title
§ 4-5-40 Agreement to purchase general obligation funding bonds–Certification and approval required–Bonds to bear interest, mature, etc
§ 4-5-41 School district eligibility–Determination and certification
§ 4-5-42 Prudent investment defined–Liability
§ 4-5-43 Obligation to purchase–Enforceability
§ 4-5-44 Cost of participation
§ 4-5-47 Investment of trust fund containing proceeds from sale of state cement enterprises
§ 4-5-48 Definition of terms related to investments in companies liable under Iran Sanctions Act
§ 4-5-49 Identification of holdings in scrutinized companies
§ 4-5-50 List of scrutinized companies
§ 4-5-51 Updating scrutinized companies list
§ 4-5-52 Procedures with respect to companies on scrutinized companies list
§ 4-5-53 Divestiture of securities in companies with scrutinized business operations
§ 4-5-54 Acquisition of securities in companies with scrutinized business operations prohibited
§ 4-5-55 Exemption from divestiture requirements
§ 4-5-56 Inapplicability to certain investments
§ 4-5-57 Indirect holdings in actively managed investment funds
§ 4-5-58 Report to Legislative Research Council Executive Board
§ 4-5-60 Construction with other state law
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In South Dakota Codified Laws > Title 4 > Chapter 5 - Custody and Investment of State Funds

  • 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
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Trustee: A person or institution holding and administering property in trust.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2