Section 4-6-16 – Active depositories for collection of instruments–Interest paid.

4-6-16. Active depositories for collection of instruments–Interest paid. The state treasurer shall prepare specifications and select successful bidders for a period not to exceed three years to act as active depositories for the collection of drafts, checks, certificates of deposit, or coupons that may be received by the state treasurer on account of claims due […]

Section 4-6-2 – Depository not disqualified by interest of public officer or employee.

4-6-2. Depository not disqualified by interest of public officer or employee. Any state or national bank located in South Dakota, may be designated as the official depository of public moneys, notwithstanding the fact that a public officer, official, or employee may have a direct or an indirect interest in said bank either as an officer, […]

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

4-6-22. Accounting by treasurer for interest earned–Apportionment of interest to special funds. 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 […]

Section 4-6-23 – Depository’s monthly statement of deposits, disbursements and interest–Affidavit denying bribery–False statement as perjury.

4-6-23. Depository’s monthly statement of deposits, disbursements and interest–Affidavit denying bribery–False statement as perjury. Every state depository at the end of each month and oftener when required by the state treasurer, shall file with the state treasurer a sworn statement of the amount of state money deposited with it, and of all payments of state […]

Section 4-6-24 – Failure of treasurer to perform duty as misdemeanor.

4-6-24. Failure of treasurer to perform duty as misdemeanor. Any state treasurer who shall intentionally fail or refuse at any time to do or perform any act required of him by this chapter shall be guilty of a Class 2 misdemeanor. Source: SL 1909, ch 229, §3; SL 1911, ch 234, §3; RC 1919, §6874; […]

Section 4-6-26 – Borrowing on daily basis for management of state deposits–Repayment.

4-6-26. Borrowing on daily basis for management of state deposits–Repayment. For the purpose of managing deposits of state moneys, the state treasurer may, on a daily basis only, borrow moneys from any depository to cover advances made by a depository of the state on uncollected deposits. The state treasurer may pay interest on such borrowed […]