47:10:03:04.  Use of fund restricted. No part of the fund created by SDCL 61-2-15 and this article may be used other than for the benefit of members and their beneficiaries pursuant to the retirement plan and for payment of the necessary expenses to administer the plan.

          Source: 16 SDR 54, effective September 25, 1989.

          General Authority: SDCL 61-2-15.5.

          Law Implemented: SDCL 61-2-15, 61-2-15.5.