S.D. Admin. R. 39:02:05:01
The authority may, upon such terms and conditions as it shall deem proper, employ an executive secretary who shall have custody of the authority's financial records and who shall keep or cause to be kept full and accurate books and records of account of the authority. The executive secretary, if one is employed, shall exercise all powers and perform all duties incident to the office of executive secretary and shall have such other powers and duties as may from time to time be assigned to him by the authority. Any such executive secretary, at the authority's expense, shall provide the surety bond to the authority in an amount and by such surety company as the members may determine. Such surety bond shall be conditioned upon the faithful performance by the executive secretary of his duties and shall be executed by a surety company authorized to transact business in the state as a surety.
S.D. Admin. R. 39:02:05:01
General Authority: SDCL 5-12-40.
Law Implemented: SDCL 5-12-5.