4-5-8. Investment policies for local funds determined by governing board.Investments of public funds as defined in §4-5-5 shall be made only after the adoption of a proper resolution by the governing board of such county, municipality, township, or school district. Such resolution shall state the investment policies to be followed by the treasurer thereof. Source: SL 1945, ch 359, §2; SDC Supp 1960, §48.0507; SL 1961, ch 258, §1; SL 1967, ch 237, §1; SL 1972, ch 25.
South Dakota Legal Code