13-10-18. Balance in pension fund upon discontinuance transferred to general fund. The pension fund of the school district is provided for the purpose of financing payments to the South Dakota Retirement System and to finance pensions to retired employees of a school district that has established a pension system. Upon discontinuance of the pension fund any unexpended balance shall be transferred to the general fund. This section is repealed on July 1, 2020.
Source: SL 2016, ch 83, § 25.
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