10-39A-10. County trust and agency account--Purposes for which proceeds used by counties.
Upon receipt of any funds paid to a county under the provisions of this chapter, the county treasurer shall deposit the funds in a trust and agency account. The county auditor shall at the direction of the board of county commissioners, allocate the funds to be distributed by the county treasurer for school and road purposes to offset social, economic, or physical impacts, either direct or indirect, resulting from energy development or production in the county.
Source: SL 1978, ch 81, §14; SL 1979, ch 77, §3.
Structure South Dakota Codified Laws
Chapter 39A - Energy Minerals Severance Tax
Section 10-39A-1 - Severance tax imposed on energy minerals--Rate.
Section 10-39A-1.1 - Definition of terms.
Section 10-39A-2.1 - Posted field price as taxable value.
Section 10-39A-2.2 - Uranium ore taxed on triuranium octa-oxide content.
Section 10-39A-3.1 - Point of imposition of severance tax.
Section 10-39A-7 - Severance tax in lieu of taxes other than sales, use, and property taxes.
Section 10-39A-8 - Proceeds distributed.
Section 10-39A-9 - Funds paid to counties.
Section 10-39A-10 - County trust and agency account--Purposes for which proceeds used by counties.