1-53-36. Earnings on value added agriculture subfund. Earnings on the value added agriculture subfund may be used by the Governor's Office of Economic Development for the administrative costs of this program. Such earnings shall be expended in accordance with the provisions of Title 4 on warrants drawn by the state auditor on vouchers approved by the commissioner of the Governor's Office of Economic Development. Eligible expenses may not exceed total interest earnings during the previous fiscal year prior to the deduction of loan losses for the same fiscal year.
Source: SL 2013, ch 192, § 2; SDCL § 38-6-15; SL 2019, ch 235 (Ex. Ord. 19-1), § 56, eff. Apr. 14, 2019.
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