S.D. Codified Laws § 13-53-18

Current through the 2024 Legislative Session
Section 13-53-18 - Board approval of expenditures required-Indebtedness limited to available funds-Expenditures limited by legal purposes

Except as provided in § 13-53-19, expenditures shall be made only by express authority of the Board of Regents first obtained, and no indebtedness shall ever be permitted or incurred except against funds already available for such purpose, and no expenditure from any fund shall, under any circumstances, be made except for the legal purpose for which such fund exists and for the institution to which it belongs.

SDCL 13-53-18

SDC 1939, § 15.0724; SL 1955, ch 40.