- The term "armed forces" shall mean and include the following: United States army, army of the United States, United States navy, United States naval reserves, United States marine corps, United States marine corps reserve, United States coast guard, United States coast guard reserve which shall be construed to include the United States guard temporary reserve, women's army corps, United States navy women's reserve, United States marine corps women's reserve, United States coast guard women's reserve, army nurse corps and navy nurse corps.
§20. Trust fund created from proceeds of state cement enterprise – Investment.
The net proceeds derived from the sale of state cement enterprises shall be deposited by the South Dakota Cement Commission in a trust fund hereby created to benefit the citizens of South Dakota. The South Dakota Investment Council or its successor shall invest the trust fund in stocks, bonds, mutual funds, and other financial instruments as provided by law.
§21. Transfers from trust fund to general fund in support of education.
The Legislature shall transfer from the trust fund to the state general fund four percent of the lesser of the average market value of the trust fund determined by adding the market value of the trust fund at the end of the sixteen most recent calendar quarters as of December thirty-first of that year and dividing that sum by sixteen, or the market value of the trust fund at the end of that calendar year for the support of education in South Dakota. The transfer shall be made prior to June thirtieth of the subsequent calendar year.
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