13-65-5. Annual financial information reports.
The scholarship granting organization shall demonstrate financial accountability by annually submitting to the auditor general a financial information report that complies with uniform financial accounting standards and is the result of an audit conducted by a certified public accountant and by having the auditor certify that the report is free of material misstatements. The scholarship granting organization shall provide the audit to the auditor general within one hundred eighty days after the completion of the scholarship granting organization's fiscal year.
Source: SL 2016, ch 102, ยง5.
Structure South Dakota Codified Laws
Chapter 65 - Partners In Education Tax Credit Program
Section 13-65-1 - Definitions.
Section 13-65-2 - Partners in education tax credit program established.
Section 13-65-3 - Limit on tax credits.
Section 13-65-3.1 - Tax credits reducing quarterly payments.
Section 13-65-4 - Requirements for scholarship granting organizations.
Section 13-65-5 - Annual financial information reports.
Section 13-65-6 - Responsibilities of eligible students and their parents.
Section 13-65-7 - Promulgation of rules.
Section 13-65-8 - Receipts for contributions--Reporting of each contribution.
Section 13-65-9 - Annual report of contributions.
Section 13-65-10 - Financial review or audit.
Section 13-65-11 - Applicability of chapter.
Section 13-65-12 - Regulatory authority over nonpublic schools not expanded.