South Dakota § 5-24-2 Cost or value to be shown in inventory--Filing.

South Dakota Statutes

§ 5-24-2 — Cost or value to be shown in inventory--Filing.

South Dakota § 5-24-2

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-24RECEIPT, CARE AND ACCOUNTING FOR PUBLIC PROPERTY

This text of South Dakota § 5-24-2 (Cost or value to be shown in inventory--Filing.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 5-24-2 (2026).

Text

The inventories required by §§ 5-24-1 and 5-24-1.1 shall show the actual cost for each item, or the estimated cost at the time of acquisition, if the actual cost cannot be ascertained. In the case of gifts, the estimated fair market value at the time of acquisition shall be used. The officer or employee shall retain one copy of the inventory in the officer's or employee's office. The others shall be filed as provided in §§ 5-24-1.1 and 5-24-3 .

Free access — add to your briefcase to read the full text and ask questions with AI

The inventories required by §§ 5-24-1 and 5-24-1.1 shall show the actual cost for each item, or the estimated cost at the time of acquisition, if the actual cost cannot be ascertained. In the case of gifts, the estimated fair market value at the time of acquisition shall be used. The officer or employee shall retain one copy of the inventory in the officer's or employee's office. The others shall be filed as provided in §§ 5-24-1.1 and 5-24-3 .

Legislative History

SL 1903, ch 220, §§ 1 to 3; SL 1913, ch 293, § 1; RC 1919, § 7048; SDC 1939, § 48.0501; SL 1975, ch 61, § 2; SL 1977, ch 54, § 3; SL 1983, ch 36, § 2; SL 1984, ch 30, § 79; SL 2011, ch 2, § 87.