4-3-29. State of South Dakota endowment fund--Administration by South Dakota Community Foundation.The State of South Dakota endowment fund may be established within the South Dakota Community Foundation. The purpose of the endowment fund is to provide a fund for any person who wishes to contribute to the endowment fund to further the excellent quality of life which is unique to this state. This fund shall be administered by the South Dakota Community Foundation. Any funds received by the state from the State of South Dakota endowment fund shall be appropriated by the South Dakota Legislature. Source: SL 2011, ch 25, §1.
South Dakota Legal Code