South Dakota Codified Laws
Chapter 13 - State Farm Mediation Board
Section 54-13-5 - Responsibility for fees--Agricultural mediation operating fund created--Appropriation--Annual review--Disbursements.

54-13-5. Responsibility for fees--Agricultural mediation operating fund created--Appropriation--Annual review--Disbursements.
Any fees provided under this chapter and by rule shall be borne equally between the parties. The fees and any funds received pursuant to the Agricultural Credit Act of 1987, as of January 1, 2015, shall be deposited in the agricultural mediation operating fund which is hereby created. All money in the agricultural mediation operating fund created by this section is continuously appropriated for the purposes of administering the agricultural mediation program. All funds received by the agricultural mediation program shall be set forth in an informational budget as described in §4-7-7.2 and be annually reviewed by the Legislature. Any disbursements from the agricultural mediation operating fund shall be by authorization of the secretary of agriculture and natural resources.

Source: SL 1988, ch 384, §5; SL 2001, ch 259, §5; SL 2015, ch 203, §29; SL 2021, ch 1 (Ex. Ord. 21-3), § 51, eff. Apr. 19, 2021.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 54 - Debtor and Creditor

Chapter 13 - State Farm Mediation Board

Section 54-13-1 - Definition of terms.

Section 54-13-2 - Agriculture mediation program--Purposes--Administration.

Section 54-13-4 - Staff services--Employment of director and other employees--Payment of expenses.

Section 54-13-5 - Responsibility for fees--Agricultural mediation operating fund created--Appropriation--Annual review--Disbursements.

Section 54-13-6 - Contracts with state agencies, nonprofit corporations, or individuals.

Section 54-13-7 - Assistance to borrower or creditor.

Section 54-13-9 - Notice to borrower and creditor of availability of financial preparation assistance.

Section 54-13-10 - Mandatory mediation--Requirements--Voluntary mediation.

Section 54-13-11 - Notice of initial mediation meeting--Exempt creditors--Waiver of right to mediate--Debt collection limitations.

Section 54-13-12 - Length of mediation period--Notice to borrower--Additional meetings.

Section 54-13-13 - Mediation of indebtedness requested by borrower--Procedure--Attendance at meetings not required.

Section 54-13-14 - State or federal time periods deemed to run concurrently.

Section 54-13-15 - Continuation of mediation--Expiration of mediation period--Agreement between borrower and creditors.

Section 54-13-16 - Statement of waiver or failure to reach agreement deemed release.

Section 54-13-17 - Time limitation on waiver by borrower.

Section 54-13-18 - Information regarding finances of borrowers and creditors not public records--Mediation meetings not open.

Section 54-13-19 - Other rights and duties, penalties, and actions not affected.

Section 54-13-20 - Mediator or ag finance counselor immunity from civil liability--Qualifications.