South Dakota Statutes

§ 10-39A-10 — County trust and agency account--Purposes for which proceeds used by counties.

South Dakota·Title 10 TAXATION·Ch. 10-39 ENERGY MINERALS SEVERANCE TAX
Upon receipt of any funds paid to a county under the provisions of this chapter, the county treasurer shall deposit the funds in a trust and agency account. The county auditor shall at the direction of the board of county commissioners, allocate the funds to be distributed by the county treasurer for school and road purposes to offset social, economic, or physical impacts, either direct or indirect, resulting from energy development or production in the county.

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South Dakota § 10-39A-10 (County trust and agency account--Purposes for which proceeds used by counties.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1978, ch 81, § 14; SL 1979, ch 77, § 3.

Nearby Sections

15
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