3-5-5. Premiums on corporate surety bonds.
Whenever an officer, deputy, or employee of the State of South Dakota, or its subdivisions including counties, school districts, townships, municipal corporations, and all other governmental subdivisions and departments, in furnishing a bond required by law or rules or regulations of any board, or department, or governmental subdivision of this state, shall furnish a bond executed by a surety company legally authorized to transact business in this state, the state or any of its said departments or subdivisions is hereby authorized and required to pay the premium thereon out of its general funds, upon the lawful approval of said bond.
Source: SL 1933 (SS), ch 5, §1; SDC 1939, §48.0306.
Structure South Dakota Codified Laws
Title 3 - Public Officers and Employees
Section 3-5-1 - Bonds of state officers and employees--Approval, recording, and safekeeping.
Section 3-5-2 - Bonds of county officers--Approval and filing.
Section 3-5-3 - Amount of bonds.
Section 3-5-4 - Sureties on bonds.
Section 3-5-5 - Premiums on corporate surety bonds.
Section 3-5-5.1 - Blanket or individual bonds for state officers and employees.
Section 3-5-6 - Limitation of liability by surety.
Section 3-5-7 - Reelected incumbent to account for funds and property before new bond approved.
Section 3-5-8 - Endorsement of approval of bonds.
Section 3-5-9 - Recording of bonds of county and precinct officers.
Section 3-5-12 - New bond or restoration of bond becoming insufficient.