S.D. Codified Laws § 50-7-16

Current through the 2024 Legislative Session

Section 50-7-16 - Interest on amounts to be reimbursed

The commission shall charge a governmental agency simple interest at the Category A rate of interest established in § 54-3-16 on the amount of money subject to reimbursement under § 50-7-15 from the date of the expenditure to the date of payment.

SDCL 50-7-16

SL 1966, ch 4; SL 1992, ch 60, § 2; SL 1997, ch 16, § 16; SL 1997, ch 269, § 1; SL 2014, ch 222, §55.

Amended by S.L. 2014, ch. 222,s. 55, eff. 7/1/2014.