4-6-22. Accounting by treasurer for interest earned--Apportionment of interest to special funds.
The state treasurer shall account to the state for all money and funds directly or indirectly received by him by virtue of his office, or as interest or compensation for the use, deposit, or forbearance of any state money in his hands or under his control. The total interest paid by all depositories of state funds shall be paid into the state treasury and credited to the general fund, except that the interest paid by such depositories upon all money belonging to the funds known as the "permanent school funds" and the "interest and income funds" shall be credited to the latter.
Source: SL 1909, ch 229, §18; SL 1911, ch 234, §18; SL 1917, ch 352; RC 1919, §6886; SDC 1939, §55.2411; SL 1984, ch 30, §71.
Structure South Dakota Codified Laws
Title 4 - Public Fiscal Administration
Chapter 06 - Depositories Of Public Funds
Section 4-6-2 - Depository not disqualified by interest of public officer or employee.
Section 4-6-16 - Active depositories for collection of instruments--Interest paid.
Section 4-6-24 - Failure of treasurer to perform duty as misdemeanor.
Section 4-6-26 - Borrowing on daily basis for management of state deposits--Repayment.