13-11-7. Monthly payments to school districts--Interest on late payments--Statements to business manager.
The county auditor shall transfer, by the twentieth day of the month, all money received during the prior month on behalf of each school district to each district. Any county failing to distribute the receipts within the time prescribed is subject to an interest charge of one percent per month based on the receipts for the first thirty days of delinquency or part thereof and thereafter, one percent per month for each month or part thereof. When any funds which have been collected by the county for the district from taxes or from any other source are remitted to the district, the county auditor shall send to the school district business manager a statement showing the exact source and amount of the funds. The statement shall be made in a form and contain information prescribed by the secretary of the Department of Education.
Source: SL 1955, ch 41, ch 10, §9; SDC Supp 1960, §15.2209; SL 1975, ch 128, §78; SL 1976, ch 112; SL 1980, ch 121; SL 1984, ch 114, §2; SL 1989, ch 140; SL 2003, ch 272, §63.
Structure South Dakota Codified Laws
Chapter 11 - School District Tax Levies
Section 13-11-2 - Adoption of annual school budget--Publication--Cash flow--Levy--Changes in budget.
Section 13-11-2.1 - Contingency line item in budget--Maximum--Transfer of funds.
Section 13-11-3.2 - Amendment of budget to utilize unobligated resources.
Section 13-11-3.3 - Levy to be subject to legal dollars and cents limitations.
Section 13-11-4 - District funds appropriated to payment of judgment.
Section 13-11-9 - Levy of district sending students to another district.
Section 13-11-10 - Weighted average tax levy of receiving districts.
Section 13-11-11 - Use of funds raised from levy of sending district.
Section 13-11-12 - 1996B school fiscal half-year.
Section 13-11-13 - Levy authorized to pay judgment against school district.