4-2-16. Penalty for failure to submit timely audit report--Waiver of penalty for good cause.
A school board, municipality, board, or district under §4-2-15 that fails to submit a timely audit report to the department shall be subject to a penalty of ten dollars per day for each day of delinquency. Upon submission of an untimely audit report to the department by a school board, municipality, board, or district, the auditor-general shall notify the attorney general of the appropriate penalty to be imposed under this section. If an audit report remains untimely for longer than one month, the auditor-general shall notify the attorney general of the appropriate penalty to be imposed each month until the untimely report is submitted to the department. The attorney general shall impose any penalty under this section. The proceeds of any penalty shall be deposited into the state general fund. The attorney general may waive the imposition of any penalty against any school board, municipality, board, or district for good cause shown.
Source: SL 2018, ch 43, §2, effective for audits of periods ending on or after June 30, 2018.
Structure South Dakota Codified Laws
Title 4 - Public Fiscal Administration
Chapter 02 - Department Of Legislative Audit
Section 4-2-1 - Department continued--Seal.
Section 4-2-2 - Qualifications and appointment of auditor-general--Term--Vacancies.
Section 4-2-4 - Salary of auditor-general.
Section 4-2-5 - Removal of auditor-general from office.
Section 4-2-6 - Employment of personnel for department--Traveling expenses.
Section 4-2-7 - Employment of additional personnel for follow-up services.
Section 4-2-8 - Executive Board of Legislative Research Council to direct activities.
Section 4-2-9 - Access to books and property for investigations--Space and equipment.
Section 4-2-11 - Failure to permit access or obey subpoena--Punishment as contempt.
Section 4-2-14 - Districts filing annual report may be audited.
Section 4-2-15 - Publication of notice of certain entities' failure to submit timely audit report.