Section 36-6A-7 - Acceptance of funds by board--Separate fund--Payments from fund--Expense limitedby revenue.
36-6A-7. Acceptance of funds by board--Separate fund--Payments from fund--Expense limited by revenue. The board may accept any funds which may be made available to it from any source. All funds received by the board shall be paid to the secretary-treasurer thereof, or his staff assistant, who shall deposit such funds each month, to be kept in a separate fund for the sole use and under the sole control of the board carrying out the provisions of this chapter. Payments out of the fund shall be made only upon authorization by the president of the board or the secretary-treasurer thereof. The board may expend the necessary funds for its offices and furniture, fixtures, and supplies. No expense may be incurred by the board in excess of the revenue derived from all sources.
Source: SDC 1939, § 27.0603; SL 1971, ch 213, § 6; SL 1992, ch 269, § 6.