South Dakota Codified Laws
Title 5 - Public Property, Purchases and Contracts
Chapter 26 - Prompt Payment Act

Section 5-26-1 - Definitions. - 5-26-1. Definitions. Terms used in this chapter mean: (1)"Agency," each...

Section 5-26-2 - Deadlines for payments. - 5-26-2. Deadlines for payments. An agency which acquires property or...

Section 5-26-3 - Interest on overdue payments--Rate. - 5-26-3. Interest on overdue payments--Rate. Any proper invoice not paid...

Section 5-26-3.1 - Payment of less than five dollars in interest prohibited. - 5-26-3.1. Payment of less than five dollars in interest prohibited....

Section 5-26-4 - Additional appropriations for interest prohibited. - 5-26-4. Additional appropriations for interest prohibited. An agency may not...

Section 5-26-5 - Disputed payments exempt--Notice of dispute required. - 5-26-5. Disputed payments exempt--Notice of dispute required. No interest accrues...

Section 5-26-6 - Time for payments to subcontractors and suppliers--Interest on overdue amounts--When payments due. - 5-26-6. Time for payments to subcontractors and suppliers--Interest on overdue...

Section 5-26-7 - Citation of chapter. - 5-26-7. Citation of chapter. This chapter may be cited as...

Section 5-26-8 - Exemptions of transactions between government agencies. - 5-26-8. Exemptions of transactions between government agencies. The provisions of...