<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 5-12-48.1 - Authority may invest funds in certain permitted investments. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2034410Normal { 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.s2034410SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034410CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2034410Normal-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.s2034410DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034410000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2034410SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2034410SCL-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="s2034410Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-12-48.1"><span class="s2034410SENU">5-12-48.1</span></a><span xml:space="preserve" class="s2034410SENU">. </span><span class="s2034410CL">Authority may invest funds in certain permitted investments.</span></p><p dir="ltr" class="s2034410Normal-000000"><span xml:space="preserve" class="s2034410DefaultParagraphFont">In addition to all other powers established pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=5-12"><span class="s2034410DefaultParagraphFont">5-12</span></a><span class="s2034410DefaultParagraphFont">, the building authority may invest its funds or the funds under its control or direction in permitted investments as defined in subdivision 5-12-48(10).</span></p><p dir="ltr" class="s2034410Normal"><span xml:space="preserve" class="s2034410000001"> </span></p><p dir="ltr" class="s2034410Normal"><span class="s2034410SCL">Source:</span><span xml:space="preserve" class="s2034410SCL-000002"> SL 2002, ch 31, § 1.</span></p></div></body></html>