S.D. Admin. R. 39:03:01:01

Current through Register Vol. 51, page 71, January 6, 2025

Section 39:03:01:01 - Definitions

Terms used in this article mean:

(1) "Financial institution," a bank, credit union, savings and loan association, investment trust, or other organization held out to the public as a place to deposit funds or as a medium of savings or collective investment;

(2) "Principal combined fund-raising organization," "PCFO," an umbrella organization incorporated under § 501(c)(3) of the Internal Revenue Code as in effect on July 1, 1989, that collects charitable funds for distribution to local fund-raising campaign committees (LFCC) incorporated under § 501(c)(3) that in turn distribute the funds collected to local human service organizations incorporated under § 501(c)(3);

(3) "Voluntary payroll deduction," a subtraction or withholding from a state employee's salary upon his written authorization.

S.D. Admin. R. 39:03:01:01

8 SDR 154, effective 5/23/1982; transferred from §

General Authority: SDCL 3-10-8.

Law Implemented: SDCL 3-10-8.