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Code · South Dakota · Title 11 · Chapter 11-11

11-11-73. Transfer to other funds of capital reserve fund income.

56 words·~1 min read·/sd/title-11/chapter-11-11/11-11-73·

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Any income or interest earned by, or increment to, any capital reserve fund due to the investment thereof may be transferred by the authority to other funds or accounts of the authority to the extent it does not reduce the amount of such capital reserve fund below the maximum capital reserve fund requirement for such fund.
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