11-15-2. Creation--Purpose--Continuous appropriation--Payment.There is hereby created the South Dakota housing infrastructure fund, to be administered by the authority, for the purpose of making loans and grants for housing infrastructure projects. Any repayment of the principal amount of a loan, and any interest thereon must be deposited into the fund and used for making new loans. Unexpended money and any interest that may be credited to the fund shall remain in the fund. Money in the fund designated for loans is hereby continuously appropriated for the purposes provided in §§11-15-3 and 11-15-4. The executive director of the authority shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized from this fund. Source: SL 2023, ch 41, §9, eff. Feb. 1, 2023.
South Dakota Legal Code