13-14-3.3. Oil well and mine revenue treated as permanent school fund income.Notwithstanding the provisions of §13-14-3.2, revenue received from producing oil wells or operating mines shall be assigned by the state treasurer to the common school interest and income fund and shall be apportioned and distributed in the same manner as permanent school fund income is apportioned and distributed under chapter 13-13. Source: SL 1971, ch 142, §3.
South Dakota Legal Code