34-53-2. PEACE fund established.
There is established in the state treasury the PEACE fund. Money in the fund may be used to pay administrative costs and extraordinary expenses incurred by the state or a political subdivision, arising out of or in connection with pipeline construction. Any interest earned on money in the fund shall be credited to the fund. The fund is continuously appropriated to the department.
The department shall administer the fund and maintain separate accounts for each project. The secretary shall approve vouchers and the state auditor shall draw warrants to pay administrative costs and extraordinary expenses in accordance with this chapter. All money received by the department for the PEACE fund shall be set forth in an informational budget pursuant to §4-7-7.2 and be annually reviewed by the Legislature. (This section is repealed effective June 30, 2025 pursuant to SL 2019, ch 157, §19.)
Source: SL 2019, ch 157, §2, eff. Mar. 27, 2019.
Structure South Dakota Codified Laws
Title 34 - Public Health and Safety
Chapter 53 - Expenses Arising Out Of Pipeline Construction
Section 34-53-1 - Definitions.
Section 34-53-2 - PEACE fund established.
Section 34-53-3 - Claim for extraordinary expense--Records.
Section 34-53-4 - Request for pre-approval of anticipated claim for extraordinary expense.
Section 34-53-5 - Approval or denial of claim or request for pre-approval.
Section 34-53-6 - Time for submission and approval of claim or request for pre-approval.
Section 34-53-8 - Reimbursements to be deposited in PEACE fund.
Section 34-53-9 - Pipeline company objection to approval or denial of claim--Review--Appeal.
Section 34-53-11 - Calculation and billing of special fees.
Section 34-53-12 - Special fee as continuing lien on pipeline company property.
Section 34-53-13 - Pipeline company to furnish surety bond.
Section 34-53-14 - Cease and desist order for noncompliance.
Section 34-53-15 - Title to surety bond vested in the state.
Section 34-53-16 - Discretion of secretary.
Section 34-53-17 - Contract between state and pipeline company.