S.D. Admin. R. 12:07:12:19

Current through Register Vol. 51, page 67, December 16, 2024

Section 12:07:12:19 - Interest rate determination

Except as stated in § 12:07:12:18, the secretary may change the rate of interest per annum according to the following procedure:

(1) The secretary shall request recommendations for an interest rate from the review committee and the administrator;

(2) The secretary shall request information on current market rates;

(3) Within five working days, the secretary shall set the standard interest rate.

S.D. Admin. R. 12:07:12:19

17 SDR 141, effective 3/25/1991; 45 SDR 031, effective 9/13/2018

General Authority: SDCL 38-6-8.1.

Law Implemented: SDCL 38-6-3, 38-6-8.