South Dakota § 13-53-18 - Board approval of expenditures required--Indebtedness limited to available funds--Expenditures limited by legal purposes.
Full text of South Dakota South Dakota Codified Laws § 13-53-18 — Board approval of expenditures required--Indebtedness limited to available funds--Expenditures limited by legal purposes., with citation guidance and answers to common questions.
§ 13-53-18. Board approval of expenditures required--Indebtedness limited to available funds--Expenditures limited by legal purposes.
Except as provided in § 13-53-19, expenditures shall be made only by express authority of the Board of Regents first obtained, and no indebtedness shall ever be permitted or incurred except against funds already available for such purpose, and no expenditure from any fund shall, under any circumstances, be made except for the legal purpose for which such fund exists and for the institution to which it belongs.
Source: SDC 1939, § 15.0724; SL 1955, ch 40.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 13-53-18
What does South Dakota Codified Laws § 13-53-18 cover?
Section 13-53-18 ("Board approval of expenditures required--Indebtedness limited to available funds--Expenditures limited by legal purposes.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 13-53-18?
A common citation format is "South Dakota Codified Laws § 13-53-18" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 13-53-18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.