Fund to be managed on fiscal year basis

12:03:05:02. Fund to be managed on fiscal year basis. The commission shall manage the grant fund on a fiscal year basis, but may approve the reservation of parts of individual grants for use in subsequent fiscal years. Source: 19 SDR 52, effective October 15, 1992; 21 SDR 90, effective November 14, 1994; 33 SDR 113, effective January 2, 2007. General Authority: SDCL 38-7-27. Law Implemented: SDCL 38-7-25, 38-7-27.