<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sab0c5536f48d475ba093af187f2a75ceNormal { text-align: center; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sab0c5536f48d475ba093af187f2a75ceHG4 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sab0c5536f48d475ba093af187f2a75ceHG4C { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sab0c5536f48d475ba093af187f2a75ceNormal-000000 { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sab0c5536f48d475ba093af187f2a75ce000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sab0c5536f48d475ba093af187f2a75ceB { margin-left: 1.38in; text-indent: -1.38in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS"><meta property="og:description" content="SDLRC Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS"><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=5-10"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceNormal"><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceHG4">CHAPTER </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10</span></a></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceNormal"><span class="sab0c5536f48d475ba093af187f2a75ceHG4C">STATE SCHOOL AND ENDOWMENT FUNDS</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceNormal-000000"><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ce000001"> </span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-1" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-1</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Assignment of receipts from leases, interest, and land sales to income and permanent funds.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-1.1" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-1.1</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Board of Regents endowed institution interest and income fund created.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-1.2" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-1.2</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Endowed institution interest and income fund--Allocation.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-2" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-2</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-2" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-2</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">. Repealed by SL 1980, ch 46, § 1.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-3" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-3</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Accounts and records maintained by commissioner.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-4" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-4</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Supervision by commissioner of collections, apportionment, and distribution of funds.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-5" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-5</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Annual statement to counties of sale and lease payments coming due.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-6" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-6</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Apportionment among counties and institutions of income from school lands and funds.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-7" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-7</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    County treasurer's receipts for payments by lessees and purchasers--Disposition of copies.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-8" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-8</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-8" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-8</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">, 5-10-9. Repealed by SL 1988, ch 49, §§ 4, 5.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-10" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-10</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-10" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-10</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">. Repealed by SL 1980, ch 46, § 4.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-11" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-11</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-11" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-11</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">, 5-10-12. Repealed by SL 1982, ch 53, §§ 4, 5.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-13" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-13</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-13" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-13</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">, 5-10-14. Repealed by SL 1988, ch 49, §§ 6, 7.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-15" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-15</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-15" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-15</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">. Repealed by SL 1982, ch 53, § 6.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-16" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-16</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Delivery of payment by lessee or purchaser to state treasurer.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-17" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-17</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Credit to school and endowment fund.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-18" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-18</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Investment of permanent school funds.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-18.1" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-18.1</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-18.1" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-18.1</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">, 5-10-18.2. Repealed by SL 2001, ch 26, §§ 7, 8.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-18.3" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-18.3</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Adjusting funds by rate of inflation--Procedure.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-19" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-19</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-19" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-19</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">, 5-10-20. Repealed by SL 1973, ch 37, § 3.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-21" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-21</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-21" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-21</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">, 5-10-22. Repealed by SL 1980, ch 46, §§ 5, 6.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-23" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-23</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Bidding and purchase by state at judgment sale of school and public lands.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-24" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-24</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Maximum price bid by state--Allowance for prior encumbrances.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-25" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-25</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Disposition of proceeds of judgment.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-26" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-26</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-26" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-26</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont"> to 5-10-31. Repealed by SL 1974, ch 47, § 3.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-32" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-32</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-32" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-32</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">. Repealed by SL 1980, ch 46, § 7.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-33" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-33</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-33" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-33</span></a><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">. Repealed by SL 1974, ch 47, § 3.</span></p><p dir="ltr" class="sab0c5536f48d475ba093af187f2a75ceB"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-34" rel="noopener"><span class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">5-10-34</span></a><span xml:space="preserve" class="sab0c5536f48d475ba093af187f2a75ceDefaultParagraphFont">    Reporting status of common school interest and income fund and status of common school apportionment.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034309Normal { 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.s2034309SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034309CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034309Normal-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.s2034309DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034309000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034309SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034309SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034309Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-1"><span class="s2034309SENU">5-10-1</span></a><span xml:space="preserve" class="s2034309SENU">. </span><span class="s2034309CL">Assignment of receipts from leases, interest, and land sales to income and permanent funds.</span></p><p dir="ltr" class="s2034309Normal-000000"><span class="s2034309DefaultParagraphFont">The income from the leased lands of each class of school and public lands and the interest on the permanent fund of that class shall be assigned by the state treasurer to a fund to be known as the interest and income fund of such class. However, the income from any commercial lease made by the commissioner of school and public lands pursuant to SL 2017, ch 51, §§ 1 to 3, inclusive, as amended by SL 2018, ch 111, §§ 1 to 3, inclusive, shall be continuously appropriated to the endowed institution for use in maintaining the property and supporting the operations of the endowed institution. The principal of money derived from the sale of each class of lands granted to the state for educational and charitable purposes shall be assigned by the state treasurer to a fund to be known as the permanent fund of such class.</span></p><p dir="ltr" class="s2034309Normal"><span xml:space="preserve" class="s2034309000001"> </span></p><p dir="ltr" class="s2034309Normal"><span class="s2034309SCL">Source:</span><span xml:space="preserve" class="s2034309SCL-000002"> SL 1911, ch 224, § 39; RC 1919, § 5663; SDC 1939, § 15.0601; SL 1957, ch 45; SL 2018, ch 111, § 9, eff. Feb. 8, 2018.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034310Normal { 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.s2034310SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034310CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034310Normal-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.s2034310DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034310000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034310SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034310SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034310Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-1.1"><span class="s2034310SENU">5-10-1.1</span></a><span xml:space="preserve" class="s2034310SENU">. </span><span class="s2034310CL">Board of Regents endowed institution interest and income fund created.</span></p><p dir="ltr" class="s2034310Normal-000000"><span xml:space="preserve" class="s2034310DefaultParagraphFont">There is hereby created in the state treasury a fund called the Board of Regents endowed institution interest and income fund to be administered by the commissioner of school and public lands. Any investments of money in the fund shall be made by the State Investment Council. No allocations or expenditures may be made from the fund except as provided in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-1.2"><span class="s2034310DefaultParagraphFont">5-10-1.2</span></a><span xml:space="preserve" class="s2034310DefaultParagraphFont">. The fund shall be declared a participating fund and it shall be credited for all interest, dividends, and other income earned on fund balances, in accordance with the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-18.3"><span class="s2034310DefaultParagraphFont">5-10-18.3</span></a><span class="s2034310DefaultParagraphFont">.</span></p><p dir="ltr" class="s2034310Normal"><span xml:space="preserve" class="s2034310000001"> </span></p><p dir="ltr" class="s2034310Normal"><span class="s2034310SCL">Source:</span><span xml:space="preserve" class="s2034310SCL-000002"> SL 1989, ch 50, § 1; SL 1997, ch 37, § 2; SL 2001, ch 26, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s8f7da35b8b9d49d1a0d379219a37364fNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8f7da35b8b9d49d1a0d379219a37364fSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s8f7da35b8b9d49d1a0d379219a37364fCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s8f7da35b8b9d49d1a0d379219a37364fStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s8f7da35b8b9d49d1a0d379219a37364f000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s8f7da35b8b9d49d1a0d379219a37364fNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s8f7da35b8b9d49d1a0d379219a37364fSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 5-10-1.2 - Endowed institution interest and income fund--Allocation."><meta property="og:description" content="SDLRC Codified Law 5-10-1.2 - Endowed institution interest and income fund--Allocation."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=5-10-1.2"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fNormal"><a href="https://sdlegislature.gov/Statutes?Statute=5-10-1.2" rel="noopener"><span class="s8f7da35b8b9d49d1a0d379219a37364fSENU">5-10-1.2</span></a><span xml:space="preserve" class="s8f7da35b8b9d49d1a0d379219a37364fSENU">. </span><span class="s8f7da35b8b9d49d1a0d379219a37364fCL">Endowed institution interest and income fund--Allocation.</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span xml:space="preserve" class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">The commissioner of school and public lands shall deposit revenue collected for state endowed institutions under the control of the Board of Regents, pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-1" rel="noopener"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">5-10-1</span></a><span xml:space="preserve" class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont"> and chapters </span><a href="https://sdlegislature.gov/Statutes?Statute=10-4" rel="noopener"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">10-4</span></a><span xml:space="preserve" class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes?Statute=10-6" rel="noopener"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">10-6</span></a><span xml:space="preserve" class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">, in the Board of Regents endowed institution interest and income fund, created by § </span><a href="https://sdlegislature.gov/Statutes?Statute=5-10-1" rel="noopener"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">5-10-1</span></a><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">.1, and credit the appropriate institutional account within the fund. On a periodic basis, the commissioner shall allocate the money to the appropriate institutions.</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">The total allocation for an institution for a fiscal year is the lesser of that institution's revenue for the fiscal year plus the beginning cash balance of the institution's account or:</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 236,041 for the University of South Dakota;</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 548,451 for South Dakota State University;</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 133,022 for South Dakota School of Mines and Technology;</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 183,393 for Northern State University;</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 173,360 for Dakota State University;</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 173,360 for Black Hills State University;</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 97,959 for South Dakota Services for the Deaf;</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 94,712 for the School for the Blind and the Visually Impaired; and</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">$ 77,745 for the agricultural experiment station.</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fStatute"><span class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont">Revenue in excess of the allocation shall be credited to the corresponding institutional account. If the cash balance of any institutional account exceeds fifty percent of the maximum allocation for that institution at the end of the fiscal year, the commissioner shall allocate the portion over fifty percent to the institution in the next fiscal year in addition to the normal allocation.</span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fNormal"><span xml:space="preserve" class="s8f7da35b8b9d49d1a0d379219a37364f000000"> </span></p><p dir="ltr" class="s8f7da35b8b9d49d1a0d379219a37364fNoIndent"><span xml:space="preserve" class="s8f7da35b8b9d49d1a0d379219a37364fDefaultParagraphFont-000001">Source: </span><span class="s8f7da35b8b9d49d1a0d379219a37364fSCL">SL 1989, ch 50, § 2; SL 1989, ch 170, §§ 1-3; SL 1990, ch 44; SL 1998, ch 110, § 4; SL 1999, ch 25, § 3; SL 2023, ch 62, § 2.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-2 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-2 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-2"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-2. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1980, ch 46, &#167;&nbsp;1.<p> </BODY> </HTML> <br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034313Normal { 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.s2034313SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034313CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034313Normal-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.s2034313DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034313000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034313SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034313SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034313Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-3"><span class="s2034313SENU">5-10-3</span></a><span xml:space="preserve" class="s2034313SENU">. </span><span class="s2034313CL">Accounts and records maintained by commissioner.</span></p><p dir="ltr" class="s2034313Normal-000000"><span class="s2034313DefaultParagraphFont">The commissioner of school and public lands shall keep an accurate account of all money due or to become due the state on account of sales and leases of school and public lands and the interest arising from the loaning of the permanent school fund.</span></p><p dir="ltr" class="s2034313Normal"><span xml:space="preserve" class="s2034313000001"> </span></p><p dir="ltr" class="s2034313Normal"><span class="s2034313SCL">Source:</span><span xml:space="preserve" class="s2034313SCL-000002"> SL 1911, ch 224, §§ 38, 61; RC 1919, §§ 5662, 5701; SDC 1939, § 15.0601; SL 1957, ch 45; SL 1984, ch 34, § 12.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034314Normal { 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.s2034314SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034314CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034314Normal-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.s2034314DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034314000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034314SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034314SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034314Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-4"><span class="s2034314SENU">5-10-4</span></a><span xml:space="preserve" class="s2034314SENU">. </span><span class="s2034314CL">Supervision by commissioner of collections, apportionment, and distribution of funds.</span></p><p dir="ltr" class="s2034314Normal-000000"><span class="s2034314DefaultParagraphFont">The commissioner of school and public lands shall have supervision of the collection of all money due the state for the purposes aforesaid, and of the apportionment and distribution of such funds to the several counties and public institutions of the state.</span></p><p dir="ltr" class="s2034314Normal"><span xml:space="preserve" class="s2034314000001"> </span></p><p dir="ltr" class="s2034314Normal"><span class="s2034314SCL">Source:</span><span xml:space="preserve" class="s2034314SCL-000002"> SL 1911, ch 224, § 62; RC 1919, § 5702; SDC 1939, § 15.0602.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034315Normal { 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.s2034315SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034315CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034315Normal-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.s2034315DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034315000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034315SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034315SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034315Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-5"><span class="s2034315SENU">5-10-5</span></a><span xml:space="preserve" class="s2034315SENU">. </span><span class="s2034315CL">Annual statement to counties of sale and lease payments coming due.</span></p><p dir="ltr" class="s2034315Normal-000000"><span class="s2034315DefaultParagraphFont">The commissioner of school and public lands shall on or before the fifteenth day of December of each year furnish to the treasurer of each county a full statement of the principal and interest on sales and rental on term leases falling due in such county on the first day of January following.</span></p><p dir="ltr" class="s2034315Normal"><span xml:space="preserve" class="s2034315000001"> </span></p><p dir="ltr" class="s2034315Normal"><span class="s2034315SCL">Source:</span><span xml:space="preserve" class="s2034315SCL-000002"> SL 1911, ch 224, § 63; RC 1919, § 5703; SDC 1939, § 15.0602; SL 1980, ch 46, § 2.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034316Normal { 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.s2034316SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034316CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034316Normal-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.s2034316DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034316000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034316SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034316SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034316Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-6"><span class="s2034316SENU">5-10-6</span></a><span xml:space="preserve" class="s2034316SENU">. </span><span class="s2034316CL">Apportionment among counties and institutions of income from school lands and funds.</span></p><p dir="ltr" class="s2034316Normal-000000"><span xml:space="preserve" class="s2034316DefaultParagraphFont">The commissioner of school and public lands, after any adjustments that have been made pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-18.3"><span class="s2034316DefaultParagraphFont">5-10-18.3</span></a><span class="s2034316DefaultParagraphFont">, shall make a division and apportionment of all funds derived from the leasing of school and public lands, from interest, dividends, and other income on all invested funds derived from the sale of school and public lands, and from interest, dividends, and other income on invested funds derived from the five percent paid to the state by the United States on sales of public lands within the state, such apportionment to be made among the counties, and the educational, penal, and charitable institutions, as provided by law.</span></p><p dir="ltr" class="s2034316Normal"><span xml:space="preserve" class="s2034316000001"> </span></p><p dir="ltr" class="s2034316Normal"><span class="s2034316SCL">Source:</span><span xml:space="preserve" class="s2034316SCL-000002"> SDC 1939, § 15.0108; SL 2001, ch 26, § 5.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034317Normal { 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.s2034317SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034317CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034317Normal-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.s2034317DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034317000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034317SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034317SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034317Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-7"><span class="s2034317SENU">5-10-7</span></a><span xml:space="preserve" class="s2034317SENU">. </span><span class="s2034317CL">County treasurer's receipts for payments by lessees and purchasers--Disposition of copies.</span></p><p dir="ltr" class="s2034317Normal-000000"><span class="s2034317DefaultParagraphFont">The county treasurer shall, for all money paid to him by any lessee or purchaser, execute triplicate receipts, and shall deliver one receipt to the person paying the same, transmit one receipt and the accompanying payment to the commissioner of school and public lands, not later than the third business day, and file the other receipt in his office.</span></p><p dir="ltr" class="s2034317Normal"><span xml:space="preserve" class="s2034317000001"> </span></p><p dir="ltr" class="s2034317Normal"><span class="s2034317SCL">Source:</span><span xml:space="preserve" class="s2034317SCL-000002"> SL 1911, ch 224, § 43; RC 1919, § 5667; SDC 1939, § 15.0601; SL 1957, ch 45; SL 1988, ch 49, § 3.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-8 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-8 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-8"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-8, 5-10-9. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1988, ch 49, &#167;&#167;&nbsp;4, 5.<p> </BODY> </HTML> <br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-10 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-10 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-10"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-10. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1980, ch 46, &#167;&nbsp;4.<p> </BODY> </HTML> <br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-11 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-11 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-11"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-11, 5-10-12. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1982, ch 53, &#167;&#167;&nbsp;4, 5.<p> </BODY> </HTML> <br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-13 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-13 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-13"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-13, 5-10-14. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1988, ch 49, &#167;&#167;&nbsp;6, 7.<p> </BODY> </HTML> <br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-15 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-15 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-15"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-15. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1982, ch 53, &#167;&nbsp;6.<p> </BODY> </HTML> <br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034323Normal { 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.s2034323SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034323CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034323Normal-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.s2034323DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034323000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034323SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034323SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034323Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-16"><span class="s2034323SENU">5-10-16</span></a><span xml:space="preserve" class="s2034323SENU">. </span><span class="s2034323CL">Delivery of payment by lessee or purchaser to state treasurer.</span></p><p dir="ltr" class="s2034323Normal-000000"><span class="s2034323DefaultParagraphFont">Upon receipt of payment by a lessee or purchaser, if remitted in the proper form and in the proper amount, the commissioner of school and public lands shall forthwith deliver the payment to the state treasurer with instructions as to the fund to be credited.</span></p><p dir="ltr" class="s2034323Normal"><span xml:space="preserve" class="s2034323000001"> </span></p><p dir="ltr" class="s2034323Normal"><span class="s2034323SCL">Source:</span><span xml:space="preserve" class="s2034323SCL-000002"> SL 1945, ch 66, § 3; SDC Supp 1960, § 15.0605-1; SL 1988, ch 49, § 8.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034324Normal { 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.s2034324SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034324CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034324Normal-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.s2034324DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034324000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034324SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034324SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034324Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-17"><span class="s2034324SENU">5-10-17</span></a><span xml:space="preserve" class="s2034324SENU">. </span><span class="s2034324CL">Credit to school and endowment fund.</span></p><p dir="ltr" class="s2034324Normal-000000"><span class="s2034324DefaultParagraphFont">The state treasurer shall, upon receipt, credit such business receipts to the state school and endowment fund.</span></p><p dir="ltr" class="s2034324Normal"><span xml:space="preserve" class="s2034324000001"> </span></p><p dir="ltr" class="s2034324Normal"><span class="s2034324SCL">Source:</span><span xml:space="preserve" class="s2034324SCL-000002"> SL 1973, ch 37, § 1.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034325Normal { 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.s2034325SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034325CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034325Normal-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.s2034325DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034325000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034325SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034325SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034325Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-18"><span class="s2034325SENU">5-10-18</span></a><span xml:space="preserve" class="s2034325SENU">. </span><span class="s2034325CL">Investment of permanent school funds.</span></p><p dir="ltr" class="s2034325Normal-000000"><span xml:space="preserve" class="s2034325DefaultParagraphFont">The moneys of the common school permanent fund and other educational funds shall be invested by the State Investment Council, in accordance with the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=4-5-27"><span class="s2034325DefaultParagraphFont">4-5-27</span></a><span class="s2034325DefaultParagraphFont">.</span></p><p dir="ltr" class="s2034325Normal"><span xml:space="preserve" class="s2034325000001"> </span></p><p dir="ltr" class="s2034325Normal"><span class="s2034325SCL">Source:</span><span xml:space="preserve" class="s2034325SCL-000002"> SL 1951, ch 85; SL 1953, ch 47; SL 1955, ch 37; SL 1957, ch 46; SDC Supp 1960, § 15.0609-1; SL 1969, ch 34; SL 1970, ch 36; SL 1970, ch 37; SL 1972, ch 29; SL 1983, ch 28, § 4; SL 1992, ch 60, § 2; SL 1997, ch 37, § 3; SL 2001, ch 26, § 6.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-18.1 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-18.1 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-18.1"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-18.1, 5-10-18.2. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 2001, ch 26, &#167;&#167;&nbsp;7, 8.<p> </BODY> </HTML> <br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034327Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2034327SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034327CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034327Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2034327DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2034327Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2034327000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034327SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034327SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034327Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-18.3"><span class="s2034327SENU">5-10-18.3</span></a><span xml:space="preserve" class="s2034327SENU">. </span><span class="s2034327CL">Adjusting funds by rate of inflation--Procedure.</span></p><p dir="ltr" class="s2034327Normal-000000"><span class="s2034327DefaultParagraphFont">In adjusting the principal of the common school permanent fund and other educational and charitable funds by the rate of inflation pursuant to Article VIII, Section 3 of the South Dakota Constitution, the State Investment Council shall proceed as follows:</span></p><p dir="ltr" class="s2034327Normal-000001"><span class="s2034327DefaultParagraphFont">(1)    The inflation adjustment period is the fiscal year, beginning July first and ending June thirtieth. The first inflation adjustment period begins on November 15, 2000, and ends on June 30, 2001. The principal shall be credited each year for the inflation adjustment at the time of the common school apportionment beginning in 2002;</span></p><p dir="ltr" class="s2034327Normal-000001"><span class="s2034327DefaultParagraphFont">(2)    The rate of inflation is based on the consumer price index prepared by the Bureau of Labor Statistics of the United States Department of Labor;</span></p><p dir="ltr" class="s2034327Normal-000001"><span class="s2034327DefaultParagraphFont">(3)    The principal balance in each permanent school and other educational and charitable fund as of November 15, 2000, adjusted by amounts as provided by law, is the principal balance to be increased by the rate of inflation; and</span></p><p dir="ltr" class="s2034327Normal-000001"><span class="s2034327DefaultParagraphFont">(4)    The inflation adjustment requirement shall be met using realized net capital gains. If these are not sufficient, the interest, dividends, and other income shall be used. Any excess realized net capital gains shall be carried forward for the following year's inflation adjustment.</span></p><p dir="ltr" class="s2034327Normal"><span xml:space="preserve" class="s2034327000002"> </span></p><p dir="ltr" class="s2034327Normal"><span class="s2034327SCL">Source:</span><span xml:space="preserve" class="s2034327SCL-000003"> SL 2001, ch 26, § 1.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-19 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-19 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-19"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-19, 5-10-20. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1973, ch 37, &#167;&nbsp;3.<p> </BODY> </HTML> <br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-21 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-21 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-21"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-21, 5-10-22. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1980, ch 46, &#167;&#167;&nbsp;5, 6.<p> </BODY> </HTML> <br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034330Normal { 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.s2034330SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034330CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034330Normal-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.s2034330DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034330000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034330SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034330SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034330Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-23"><span class="s2034330SENU">5-10-23</span></a><span xml:space="preserve" class="s2034330SENU">. </span><span class="s2034330CL">Bidding and purchase by state at judgment sale of school and public lands.</span></p><p dir="ltr" class="s2034330Normal-000000"><span class="s2034330DefaultParagraphFont">Whenever any real property is sold to satisfy a judgment in favor of the state in any action relating to the school and public lands, it shall be the duty of the commissioner of school and public lands to represent the state as a bidder at such sale and, if he shall purchase such property, the certificate of sale and sheriff's deed, if one be issued, shall be made to the state.</span></p><p dir="ltr" class="s2034330Normal"><span xml:space="preserve" class="s2034330000001"> </span></p><p dir="ltr" class="s2034330Normal"><span class="s2034330SCL">Source:</span><span xml:space="preserve" class="s2034330SCL-000002"> SL 1911, ch 224, § 83; RC 1919, § 5713; SDC 1939, § 15.0608.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034331Normal { 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.s2034331SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034331CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034331Normal-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.s2034331DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034331000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034331SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034331SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034331Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-24"><span class="s2034331SENU">5-10-24</span></a><span xml:space="preserve" class="s2034331SENU">. </span><span class="s2034331CL">Maximum price bid by state--Allowance for prior encumbrances.</span></p><p dir="ltr" class="s2034331Normal-000000"><span class="s2034331DefaultParagraphFont">The maximum price which the commissioner of school and public lands shall bid for any such property at any such sale shall be determined by an appraisement, to be made in the same manner that the school and public lands of the state are by law required to be appraised, but such price shall never exceed the amount of prior encumbrances, judgments, interest, and costs.</span></p><p dir="ltr" class="s2034331Normal"><span xml:space="preserve" class="s2034331000001"> </span></p><p dir="ltr" class="s2034331Normal"><span class="s2034331SCL">Source:</span><span xml:space="preserve" class="s2034331SCL-000002"> SL 1911, ch 224, § 84; RC 1919, § 5714; SDC 1939, § 15.0608.</span></p></div></body></html><br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034332Normal { 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.s2034332SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034332CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034332Normal-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.s2034332DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034332000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034332SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034332SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2034332Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-25"><span class="s2034332SENU">5-10-25</span></a><span xml:space="preserve" class="s2034332SENU">. </span><span class="s2034332CL">Disposition of proceeds of judgment.</span></p><p dir="ltr" class="s2034332Normal-000000"><span class="s2034332DefaultParagraphFont">All money received as the proceeds of any such sales, or in satisfaction of any judgment obtained in favor of the state in any such action shall be paid to the state treasurer and by him be divided and apportioned according to law.</span></p><p dir="ltr" class="s2034332Normal"><span xml:space="preserve" class="s2034332000001"> </span></p><p dir="ltr" class="s2034332Normal"><span class="s2034332SCL">Source:</span><span xml:space="preserve" class="s2034332SCL-000002"> SL 1911, ch 224, § 85; RC 1919, § 5715; SDC 1939, § 15.0608.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-26 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-26 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-26"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-26 to 5-10-31. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1974, ch 47, &#167;&nbsp;3.<p> </BODY> </HTML> <br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-32 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-32 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-32"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-32. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1980, ch 46, &#167;&nbsp;7.<p> </BODY> </HTML> <br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS5-10-33 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 5-10-33 "> <META NAME="Description" Content="South Dakota Codified Laws 5-10-33"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 5-10-33. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1974, ch 47, &#167;&nbsp;3.<p> </BODY> </HTML> <br /><hr><br /><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 5-10 - STATE SCHOOL AND ENDOWMENT FUNDS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034336Normal { 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.s2034336SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034336CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034336Normal-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.s2034336DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2034336Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2034336DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034336000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034336SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034336SCL-000004 { 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="s2034336Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-10-34"><span class="s2034336SENU">5-10-34</span></a><span xml:space="preserve" class="s2034336SENU">. </span><span class="s2034336CL">Reporting status of common school interest and income fund and status of common school apportionment.</span></p><p dir="ltr" class="s2034336Normal-000000"><span class="s2034336DefaultParagraphFont">The commissioner of school and public lands shall report the status of the common school interest and income fund to the superintendents of the common schools on a quarterly basis.</span></p><p dir="ltr" class="s2034336Normal-000001"><span class="s2034336DefaultParagraphFont">The commissioner of school and public lands shall report the status of the common school apportionment by October thirty</span><span class="s2034336DefaultParagraphFont-000002">-</span><span class="s2034336DefaultParagraphFont">first to the Governor, the chairs of the house and senate appropriations committees and the secretary of the Department of Education.</span></p><p dir="ltr" class="s2034336Normal"><span xml:space="preserve" class="s2034336000003"> </span></p><p dir="ltr" class="s2034336Normal"><span class="s2034336SCL">Source:</span><span xml:space="preserve" class="s2034336SCL-000004"> SL 1990, ch 45; SL 2004, ch 17, § 7.</span></p></div></body></html>