§ 4-6-22 — Accounting by treasurer for interest earned--Apportionment of interest to special funds.

South Dakota § 4-6-22

• Jurisdiction: South Dakota
• Title 4: PUBLIC FISCAL ADMINISTRATION
• Ch. 4-6: DEPOSITORIES OF PUBLIC FUNDS

Text

The state treasurer shall account to the state for all money and funds directly or indirectly received by him by virtue of his office, or as interest or compensation for the use, deposit, or forbearance of any state money in his hands or under his control. The total interest paid by all depositories of state funds shall be paid into the state treasury and credited to the general fund, except that the interest paid by such depositories upon all money belonging to the funds known as the "permanent school funds" and the "interest and income funds" shall be credited to the latter.

Legislative History

SL 1909, ch 229, § 18; SL 1911, ch 234, § 18; SL 1917, ch 352; RC 1919, § 6886; SDC 1939, § 55.2411; SL 1984, ch 30, § 71.