61-4-3. Secretary to administer fund--Liability on bond.
The secretary of labor and regulation is custodian of the fund and shall administer the fund and shall issue warrants or checks upon it. The secretary is liable on the secretary's official bond for the faithful performance of the secretary's duties as custodian of the unemployment compensation fund.
Source: SL 1936 (SS), ch 3, §9 (b); SDC 1939, §17.0819; SL 1943, ch 81; SL 1965, ch 97, §3; SL 2008, ch 277, §68; SL 2011, ch 1 (Ex. Ord. 11-1), §33, eff. Apr. 12, 2011.
Structure South Dakota Codified Laws
Title 61 - Reemployment Assistance
Chapter 04 - The Unemployment Compensation Fund
Section 61-4-1 - Fund created--General purpose.
Section 61-4-2 - Contributions, receipts, and earnings constituting fund.
Section 61-4-3 - Secretary to administer fund--Liability on bond.
Section 61-4-4 - Separate accounts within fund.
Section 61-4-6 - Requisitions on trust fund for payment of benefits and refunds.
Section 61-4-8 - Disposition of unexpended balance of requisitioned moneys.
Section 61-4-9 - Source of moneys in benefit account.
Section 61-4-10 - Depository for clearing and benefit accounts.
Section 61-4-11 - Reversion of unclaimed checks and warrants.
Section 61-4-14 - Transfer to secretary on termination of trust fund or separate accounting.