Statutes > South Dakota Statutes > Title 13 - EDUCATION > Chapter 16 - School District Funds And Accounts > Section 13-16-18.1 - Domestic federal credit union as public depository--Requirement.

Section 13-16-18.1 - Domestic federal credit union as public depository--Requirement.

13-16-18.1. Domestic federal credit union as public depository--Requirement. Any domestic federal credit union chartered by the United States is a qualified public depository for school district funds if such funds are invested in accounts which are insured by the National Credit Union Administration.

Source: SL 1987, ch 71, § 3; SL 1988, ch 27, § 2.