<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 1-33B-17 - Establishment of accounts from which loans to be made--Petroleum violation escrow fund--Legislative approval. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2031761Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2031761SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2031761CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2031761Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2031761DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2031761000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2031761SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2031761SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2031761Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-33B-17"><span class="s2031761SENU">1-33B-17</span></a><span xml:space="preserve" class="s2031761SENU">. </span><span class="s2031761CL">Establishment of accounts from which loans to be made--Petroleum violation escrow fund--Legislative approval.</span></p><p dir="ltr" class="s2031761Normal-000000"><span xml:space="preserve" class="s2031761DefaultParagraphFont">The Governor's Office of Economic Development may establish in the state treasury such accounts as may be necessary to deposit the petroleum violation escrow funds and other funds from which to make the loans and grants authorized under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-33B-14"><span class="s2031761DefaultParagraphFont">1-33B-14</span></a><span xml:space="preserve" class="s2031761DefaultParagraphFont">. However, no such funds may be expended until appropriated by the Legislature. All funds may be invested by the state investment officer pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=4-5"><span class="s2031761DefaultParagraphFont">4-5</span></a><span class="s2031761DefaultParagraphFont">.</span></p><p dir="ltr" class="s2031761Normal"><span xml:space="preserve" class="s2031761000001"> </span></p><p dir="ltr" class="s2031761Normal"><span class="s2031761SCL">Source:</span><span xml:space="preserve" class="s2031761SCL-000002"> SL 1991, ch 16, § 7; SL 1994, ch 410 (Ex. Ord. 93-9), § 17.</span></p></div></body></html>