South Dakota § 61-5-57 Interest on delinquent contributions.

South Dakota Statutes

§ 61-5-57 — Interest on delinquent contributions.

South Dakota·Title 61 REEMPLOYMENT ASSISTANCE·Ch. 61-4 EMPLOYERS' CONTRIBUTIONS AND ACCOUNTS

Any contribution unpaid on the date on which it is due and payable, as prescribed by the Department of Labor and Regulation, shall bear interest at the rate of one and one-half percent per month, or fractional part of a month from and after such date until payment plus accrued interest is received by the department. Interest collected pursuant to this section shall be paid into the employment security contingency fund.

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Any contribution unpaid on the date on which it is due and payable, as prescribed by the Department of Labor and Regulation, shall bear interest at the rate of one and one-half percent per month, or fractional part of a month from and after such date until payment plus accrued interest is received by the department. Interest collected pursuant to this section shall be paid into the employment security contingency fund.

South Dakota § 61-5-57 (Interest on delinquent contributions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1936 (SS), ch 3, § 14 (a); SDC 1939, § 17.0824; SL 1953, ch 76, § 4; SDC Supp 1960, § 17.0824 (1); SL 1968, ch 86, § 2; SL 1981, ch 369, § 6; SL 1986, ch 426; SL 2011, ch 1 (Ex. Ord.