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HB 1010 repeal the tree nursery reserve fund.
State of South Dakota  
EIGHTY-NINTH SESSION
LEGISLATIVE ASSEMBLY, 2014  

711V0086   HOUSE BILL   NO.  1010  

Introduced by:    Representatives Dryden, Cronin, Magstadt, Mickelson, and Wismer and Senators Tidemann, Brown, Heineman (Phyllis), and Lucas at the request of the Interim Committee on Government Operations and Audit
 

        FOR AN ACT ENTITLED, An Act to repeal the tree nursery reserve fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
    Section 1. That § 41-22-4 be repealed.
    41-22-4. There is hereby established the tree nursery reserve fund for the purpose of depositing proceeds from any agreement entered into pursuant to this chapter. All funds deposited in this fund shall be invested by the state investment officer. At the end of the lease or lease-purchase agreement the balance of the fund shall revert to the state general fund.


170 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.098 per page.
 
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Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.