35-3-21. Accounting for municipal transactions.
Every municipality engaged in the sale of alcoholic beverages, pursuant to the provisions of chapter 35-4, wherein a business under an on-sale and off-sale license is conducted, shall make a separate accounting of all transactions involving purchases, sales, and inventories pertaining to the business conducted under each of the licenses. The municipality shall maintain appropriate records and methods of accounting for an accurate determination of the sales returns and gross profits resulting from the operation of the business under each of the licenses.
Source: SL 1959, ch 14; SDC Supp 1960, §45.1439; SL 1971, ch 211, §35; SL 1987, ch 261, §8; SL 2008, ch 37, §161.
Structure South Dakota Codified Laws
Title 35 - Alcoholic Beverages
Chapter 03 - Local Option And Municipal Powers
Section 35-3-1 - Police power of municipality--Territorial jurisdiction.
Section 35-3-6 - Municipalities and townships to which local option provisions apply.
Section 35-3-8 - Petition for election on local option--Number of signers required--Filing.
Section 35-3-9 - Election laws applicable to local option elections.
Section 35-3-10 - Form of question on permitting on-sale licenses.
Section 35-3-12 - Form of questions on procurement of license by municipality.
Section 35-3-18 - Municipal establishment supervised by governing body--Establishment of prices.
Section 35-3-21 - Accounting for municipal transactions.
Section 35-3-23 - Form of question on renewal of license for municipal business.
Section 35-3-24 - Governing body may not apply for renewal if disapproved at election.
Section 35-3-25 - Liquidation of municipal business on disapproval by voters.
Section 35-3-26 - Waiting period between local option elections.
Section 35-3-27 - Refund of license fee on termination of license by local option election.
Section 35-3-28 - Credit purchases may be prohibited by lessee of license.