3-11-23. Special revenue fund for premiums and interest on delinquent contributions.
The old age and survivors insurance indemnity and interest fund shall not revert but shall continue as a special revenue fund for the purpose of paying premiums and interest due the federal government on delinquent old age and survivors insurance employment taxes and reports of the state and its political subdivisions.
All interest collections on delinquent accounts shall be credited to this fund, and all payments are to be made on vouchers signed by the administrator of the State Social Security and the Internal Revenue Service Division of the State Auditor's Office and approved by the state auditor.
Source: SL 1953, ch 383, §1; SDC Supp 1960, §17.1211-1; SL 1963, ch 127, §3; SL 2006, ch 16, §2.
Structure South Dakota Codified Laws
Title 3 - Public Officers and Employees
Chapter 11 - Social Security Coverage
Section 3-11-1 - Legislative policy.
Section 3-11-2 - Definition of terms.
Section 3-11-3 - Division in state auditor's office.
Section 3-11-4 - Administrator and employees of the division.
Section 3-11-6 - Federal agreement authorized--Scope of agreement--Modification.
Section 3-11-8 - Funds acceptable for reimbursement to state of employer contributions.
Section 3-11-9 - Fee-generating state agencies to pay employer contributions--Report.
Section 3-11-13 - Political subdivisions to pay employer contributions.
Section 3-11-14 - Counties to budget for employer contributions.
Section 3-11-15 - County auditors to certify school districts annually.
Section 3-11-16 - Payment of subdivision contributions authorized--Payroll deductions.
Section 3-11-17 - Reports required of political subdivisions.
Section 3-11-20 - Special appropriations by political subdivisions.
Section 3-11-21 - Recovery of delinquent payments from subdivisions with interest and penalty.
Section 3-11-23 - Special revenue fund for premiums and interest on delinquent contributions.
Section 3-11-24 - Rules and regulations--Required coverage.
Section 3-11-25 - Interstate instrumentalities authorized to enter and implement own agreements.