Statutes, codes, and regulations
South Dakota Codified Laws
Title 61 - REEMPLOYMENT ASSISTANCE
Chapter 3 - ADMINISTRATION AND ENFORCEMENT
Section 61-3-25 - Separate administration and accounting for administration fund-Security provided by depository

S.D. Codified Laws § 61-3-25

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Current through the 2024 Legislative Session
Section 61-3-25 - Separate administration and accounting for administration fund-Security provided by depository

Any money in the employment security administration fund shall be deposited, administered, and disbursed in the same manner and under the same conditions and requirements as is provided by law for other special funds in the state treasury. However, no money in this fund may be commingled with other state funds. The money shall be maintained in a separate account on the books of a depository bank. The money shall be secured by the depository in which it is held to the same extent and in the same manner as required by the general depository law of the state, and collateral pledged shall be maintained in a separate custody account.

SDCL 61-3-25

SL 1936 (SS), ch 3, § 13; SDC 1939, § 17.0817; SL 1939, ch 87, § 4; SL 1939, ch 88, § 1; SL 1941, ch 84; SDC Supp 1960, § 17.0817 (1); SL 1965, ch 97, § 1; SL 2008, ch 277, §61.