Section 49-37-24 - Investment of district funds--Regulations--Investment officer. - South-dakota Statutes

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Statutes > South-dakota > Title-49 > Chapter-37 > Statute-49-37-24

49-37-24. Investment of district funds--Regulations--Investment officer. A consumer power district may invest, deposit or administer its public funds, moneys, and securities in the classes of securities and investments approved for investment of state public funds under the provisions of chapter 4-5. The board of directors of a district may promulgate investment policy regulations pertaining to the kind or nature of investments of any of the moneys, funds, or securities and any restrictions on the methods for investment which govern the person or firm designated by the board of directors to invest the district's moneys. The board may designate an officer, employee, other person or firm to act as its investment officer.

Source: SL 1981, ch 339.

State Codes and Statutes

Statutes > South-dakota > Title-49 > Chapter-37 > Statute-49-37-24

49-37-24. Investment of district funds--Regulations--Investment officer. A consumer power district may invest, deposit or administer its public funds, moneys, and securities in the classes of securities and investments approved for investment of state public funds under the provisions of chapter 4-5. The board of directors of a district may promulgate investment policy regulations pertaining to the kind or nature of investments of any of the moneys, funds, or securities and any restrictions on the methods for investment which govern the person or firm designated by the board of directors to invest the district's moneys. The board may designate an officer, employee, other person or firm to act as its investment officer.

Source: SL 1981, ch 339.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-49 > Chapter-37 > Statute-49-37-24

49-37-24. Investment of district funds--Regulations--Investment officer. A consumer power district may invest, deposit or administer its public funds, moneys, and securities in the classes of securities and investments approved for investment of state public funds under the provisions of chapter 4-5. The board of directors of a district may promulgate investment policy regulations pertaining to the kind or nature of investments of any of the moneys, funds, or securities and any restrictions on the methods for investment which govern the person or firm designated by the board of directors to invest the district's moneys. The board may designate an officer, employee, other person or firm to act as its investment officer.

Source: SL 1981, ch 339.