South Dakota § 5-24A-18 Disbursement of proceeds from liquidation of State Cement Plant Commission property.

South Dakota Statutes

§ 5-24A-18 — Disbursement of proceeds from liquidation of State Cement Plant Commission property.

South Dakota § 5-24A-18

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-24DISPOSAL OF STATE SURPLUS PROPERTY

This text of South Dakota § 5-24A-18 (Disbursement of proceeds from liquidation of State Cement Plant Commission property.) 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 § 5-24A-18 (2026).

Text

Notwithstanding any other provision of law, the commission shall disburse the proceeds from the liquidation of the commission's property, to the extent proceeds are available, as follows:

(1)First, to pay any remaining noncontingent, liquidated liabilities of the commission;

(2)Second, the amount of three hundred fifty thousand dollars to the Bureau of Human Resources and Administration for the purpose of administering and paying existing and future workers compensation claims and life insurance coverage of former employees of the commission;

(3)Third, to the South Dakota Retirement System for the purpose of funding benefits payable to former employees of the commission. The amount disbursed shall be determined by the commission based upon an actuarial review for the fiscal yea

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Notwithstanding any other provision of law, the commission shall disburse the proceeds from the liquidation of the commission's property, to the extent proceeds are available, as follows: (1) First, to pay any remaining noncontingent, liquidated liabilities of the commission; (2) Second, the amount of three hundred fifty thousand dollars to the Bureau of Human Resources and Administration for the purpose of administering and paying existing and future workers compensation claims and life insurance coverage of former employees of the commission; (3) Third, to the South Dakota Retirement System for the purpose of funding benefits payable to former employees of the commission. The amount disbursed shall be determined by the commission based upon an actuarial review for the fiscal year ending June 30, 2010; and (4) Fourth, the remainder shall be paid into the trust fund created by S.D. Const., Art. XIII, § 20.