<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 4-1-4 - Administrative direction and supervision by secretary of state--Independent functions retained by board. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2033695Normal { 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.s2033695SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033695CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2033695Normal-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.s2033695DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033695DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033695000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2033695SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2033695SCL-000003 { 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="s2033695Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=4-1-4"><span class="s2033695SENU">4-1-4</span></a><span xml:space="preserve" class="s2033695SENU">. </span><span class="s2033695CL">Administrative direction and supervision by secretary of state--Independent functions retained by board.</span></p><p dir="ltr" class="s2033695Normal-000000"><span class="s2033695DefaultParagraphFont">The Board of Finance shall be administered under the direction and supervision of the secretary of state, but shall retain the quasi</span><span class="s2033695DefaultParagraphFont-000001">-</span><span class="s2033695DefaultParagraphFont">judicial, quasi</span><span class="s2033695DefaultParagraphFont-000001">-</span><span xml:space="preserve" class="s2033695DefaultParagraphFont">legislative, advisory, other nonadministrative, and special budgetary functions (as defined in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-32-1"><span class="s2033695DefaultParagraphFont">1-32-1</span></a><span class="s2033695DefaultParagraphFont">) otherwise vested in it and shall exercise those functions independently of the secretary of state.</span></p><p dir="ltr" class="s2033695Normal"><span xml:space="preserve" class="s2033695000002"> </span></p><p dir="ltr" class="s2033695Normal"><span class="s2033695SCL">Source:</span><span xml:space="preserve" class="s2033695SCL-000003"> SL 1974, ch 6, § 2.</span></p></div></body></html>