9-12-11 Use of municipal funds to promote municipality--Expenditure through nonprofit corporation-...
Use of municipal funds to promote municipality--Expenditure through nonprofit
A municipality may appropriate money from its general fund to
promote itself. If there are commercial clubs, chambers of commerce, or industrial development
corporations organized and incorporated as nonprofit corporations under the laws of the State of
South Dakota for the purpose of promoting the municipality, the appropriations or any part thereof
may be paid to such organizations for expenses incurred for promoting the municipality. Payments
to these organizations shall be based on programs previously submitted to the governing board by
them and they shall be required to maintain complete records on all their activities and shall provide
a certified audit of those records to the governing board of the municipality at the close of each fiscal
period. In lieu of a certified audit, the governing board may accept a financial statement.
Source: SL 1911, ch 244, §§ 1, 2; SL 1913, ch 124; RC 1919, § 6170 (15); SDC 1939, § 45.0202
(13); SL 1971, ch 55; SL 1978, ch 62, § 3; SL 1989, ch 73.