Section 13-53-17 - Expenditure of federal funds limited to amounts received during year--Approval of budget excesses

13-53-17. Expenditure of federal funds limited to amounts received during year--Approval of budget excesses.The expenditure of moneys for programs or activities financed from any moneys or grants received from the United States shall be limited to the amounts of receipts received for such purposes during a fiscal year and any amounts received during a fiscal year in excess of federal moneys anticipated and included as receipts in the budget of the Governor are hereby appropriated and shall be authorized for expenditure upon specific approval by the commissioner of finance and management and the Board of Regents. Source: SDC 1939, §15.0723 as added by SL 1965, ch 36, §2.