33A-5-13. Minimum principal balance of fund.
72 words·~1 min read·
/sd/title-33/chapter-33-5/33a-5-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Donations to the South Dakota State Veterans Cemetery endowment fund shall be deposited into the fund to reach a minimum principal balance of three million dollars ($3,000,000) by July 1, 2023. Notwithstanding the minimum principal balance under this section, expenditures may be made prior to July 1, 2023. If the minimum principal balance is reached prior to July 1, 2023, no expenditures may reduce the principal balance below three million dollars ($3,000,000).