5-10-1. Assignment of receipts from leases, interest, and land sales to income and permanent funds. The income from the leased lands of each class of school and public lands and the interest on the permanent fund of that class shall be assigned by the state treasurer to a fund to be known as the interest […]
5-10-1.1. Board of Regents endowed institution interest and income fund created. There is hereby created in the state treasury a fund called the Board of Regents endowed institution interest and income fund to be administered by the commissioner of school and public lands. Any investments of money in the fund shall be made by the […]
5-10-1.2. Board of Regents endowed institution interest and income fund–Allocation. The commissioner of school and public lands shall deposit revenue collected for state endowed institutions under the control of the Board of Regents pursuant to §5-10-1 and chapters 10-4 and 10-6 in the Board of Regents endowed institution interest and income fund, created by §5-10-1.1, […]
5-10-16. Delivery of payment by lessee or purchaser to state treasurer. Upon receipt of payment by a lessee or purchaser, if remitted in the proper form and in the proper amount, the commissioner of school and public lands shall forthwith deliver the payment to the state treasurer with instructions as to the fund to be […]
5-10-17. Credit to school and endowment fund. The state treasurer shall, upon receipt, credit such business receipts to the state school and endowment fund. Source: SL 1973, ch 37, §1.
5-10-18. Investment of permanent school funds. The moneys of the common school permanent fund and other educational funds shall be invested by the State Investment Council, in accordance with the provisions of §4-5-27. Source: SL 1951, ch 85; SL 1953, ch 47; SL 1955, ch 37; SL 1957, ch 46; SDC Supp 1960, §15.0609-1; SL […]
5-10-18.3. Adjusting funds by rate of inflation–Procedure. In adjusting the principal of the common school permanent fund and other educational and charitable funds by the rate of inflation pursuant to Article VIII, Section 3 of the South Dakota Constitution, the State Investment Council shall proceed as follows: (1)The inflation adjustment period is the fiscal year, […]
5-10-23. Bidding and purchase by state at judgment sale of school and public lands. Whenever any real property is sold to satisfy a judgment in favor of the state in any action relating to the school and public lands, it shall be the duty of the commissioner of school and public lands to represent the […]
5-10-24. Maximum price bid by state–Allowance for prior encumbrances. The maximum price which the commissioner of school and public lands shall bid for any such property at any such sale shall be determined by an appraisement, to be made in the same manner that the school and public lands of the state are by law […]
5-10-25. Disposition of proceeds of judgment. All money received as the proceeds of any such sales, or in satisfaction of any judgment obtained in favor of the state in any such action shall be paid to the state treasurer and by him be divided and apportioned according to law. Source: SL 1911, ch 224, §85; […]
5-10-3. Accounts and records maintained by commissioner. The commissioner of school and public lands shall keep an accurate account of all money due or to become due the state on account of sales and leases of school and public lands and the interest arising from the loaning of the permanent school fund. Source: SL 1911, […]
5-10-34. Reporting status of common school interest and income fund and status of common school apportionment. The commissioner of school and public lands shall report the status of the common school interest and income fund to the superintendents of the common schools on a quarterly basis. The commissioner of school and public lands shall report […]
5-10-4. Supervision by commissioner of collections, apportionment, and distribution of funds. The commissioner of school and public lands shall have supervision of the collection of all money due the state for the purposes aforesaid, and of the apportionment and distribution of such funds to the several counties and public institutions of the state. Source: SL […]
5-10-5. Annual statement to counties of sale and lease payments coming due. The commissioner of school and public lands shall on or before the fifteenth day of December of each year furnish to the treasurer of each county a full statement of the principal and interest on sales and rental on term leases falling due […]
5-10-6. Apportionment among counties and institutions of income from school lands and funds. The commissioner of school and public lands, after any adjustments that have been made pursuant to §5-10-18.3, shall make a division and apportionment of all funds derived from the leasing of school and public lands, from interest, dividends, and other income on […]
5-10-7. County treasurer’s receipts for payments by lessees and purchasers–Disposition of copies. The county treasurer shall, for all money paid to him by any lessee or purchaser, execute triplicate receipts, and shall deliver one receipt to the person paying the same, transmit one receipt and the accompanying payment to the commissioner of school and public […]
