Section 5-8-3 - Income credited to rural credit fund--Transfer to school funds

5-8-3. Income credited to rural credit fund--Transfer to school funds.All funds heretofore credited to the rural credit fund shall continue to be so credited. The commissioner of school and public lands shall from time to time direct the state treasurer to transfer moneys from the rural credit fund as follows: fifty percent to the common school interest and income fund and fifty percent to the common school permanent fund. Source: SL 1955, ch 279, §§1 to 3; SDC Supp 1960, §55.3229; SL 1976, ch 20, §4; SL 1978, ch 44.