South Dakota § 61-5A-13 Amount of surety bond.

South Dakota Statutes

§ 61-5A-13 — Amount of surety bond.

South Dakota § 61-5A-13

Title 61REEMPLOYMENT ASSISTANCE

Ch. 61-5AREIMBURSEMENT OF BENEFITS IN LIEU OF CONTRIBUTIONS

This text of South Dakota § 61-5A-13 (Amount of surety bond.) 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 § 61-5A-13 (2026).

Text

The amount of the bond required by § 61-5A-12 is equal to the maximum effective tax rate times the organization's taxable wages paid for employment as defined in §§ 61-1-15 and 61-1-36 for the four calendar quarters immediately preceding the effective date of the election. If the nonprofit organization did not pay wages in each of such four calendar quarters, the amount of the bond shall be as determined by the department.

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The amount of the bond required by § 61-5A-12 is equal to the maximum effective tax rate times the organization's taxable wages paid for employment as defined in §§ 61-1-15 and 61-1-36 for the four calendar quarters immediately preceding the effective date of the election. If the nonprofit organization did not pay wages in each of such four calendar quarters, the amount of the bond shall be as determined by the department.