§ 20. Trust fund created with proceeds from sale of state cement enterprises_Investment. The net proceeds derived from the sale of state cement enterprises shall be deposited by the South Dakota Cement Commission in a trust fund hereby created to benefit the citizens of South Dakota. The South Dakota Investment Council or its successor shall invest the trust fund in stocks, bonds, mutual funds, and other financial instruments as provided by law.
History: Section proposed by SL 2000 (SS) ch 1, approved April 10, 2001. Amendment proposed by SL 2010, ch 2, § 2, rejected Nov. 2, 2010. Amendment proposed by SL 2012, ch 266, § 2 approved Nov. 6, 2012.