61-5A-12. Surety bond required of organization paying in lieu of contributions.
In the discretion of the department, any nonprofit organization or group of organizations that elects to become liable for payments in lieu of contributions shall be required within thirty days after the effective date of its election, to execute and file with the department a surety bond approved by the department.
Source: SL 1971, ch 276, ยง66.
Structure South Dakota Codified Laws
Title 61 - Reemployment Assistance
Chapter 05A - Reimbursement Of Benefits In Lieu Of Contributions
Section 61-5A-1 - Reimbursement by state of benefits paid--Share of extended benefits.
Section 61-5A-2 - Periodic billing of benefit costs to state--Amount.
Section 61-5A-5.2 - Election of political subdivisions becoming subject to title.
Section 61-5A-10 - Extension of time for election or termination--Retroactive election.
Section 61-5A-12 - Surety bond required of organization paying in lieu of contributions.
Section 61-5A-13 - Amount of surety bond.
Section 61-5A-14 - Duration of surety bond--Renewal.
Section 61-5A-15 - Adjustments in surety bond.
Section 61-5A-16 - Liability of surety on bond on failure of organization to pay.
Section 61-5A-18 - Amount of payments required in lieu of contributions.
Section 61-5A-22 - Apportionment among group members of payments in lieu of contributions.
Section 61-5A-23 - Rules governing group accounts.
Section 61-5A-25 - Method of making payments in lieu of contributions.
Section 61-5A-30 - Redetermination of amount of payments billed to organization.
Section 61-5A-31 - Time of payment of bill for payments in lieu of contributions.
Section 61-5A-33 - Interest and penalties on past due payments in lieu of contributions.
Section 61-5A-34 - Payments in lieu of contributions not to be deducted from wages.