11-11-70. Establishment of capital reserve funds--Moneys paid into funds.
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/sd/title-11/chapter-11-11/11-11-70·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The authority shall create and establish one or more special funds to be referred to in this chapter as capital reserve funds, and shall pay into each such capital reserve fund:
(1)Any moneys appropriated and made available by the state for the purpose of such fund;
(2)Any proceeds of sale of bonds, to the extent provided in the resolutions of the authority authorizing the issuance thereof; and
(3)Any other moneys which may be made available to the authority for the purpose of such fund from any other source or sources.