reglab/housing_qa huggingface dataset:
SD Codified L § 4-5-56 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 05 - Custody And Investment Of State Funds|Section 4-5-56 - Inapplicability to certain investments.

4-5-56. Inapplicability to certain investments.The provisions of §§4-5-48 to 4-5-60, inclusive, do not apply to any of the following:(1)Investments in a company that is primarily engaged in supplying goods or services intended to relieve human suffering in Iran;(2)Investments in a company that is primarily engaged in promoting health, education, or journalistic, religious, or welfare activities in Iran; and(3)Investments in a United States company that is authorized by the federal government to have active business operations in Iran. Source: SL 2010, ch 27, §9.
SD Codified L § 4-5-57 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 05 - Custody And Investment Of State Funds|Section 4-5-57 - Indirect holdings in actively managed investment funds.

4-5-57. Indirect holdings in actively managed investment funds.The provisions of §§4-5-48 to 4-5-60, inclusive, do not apply to indirect holdings in actively managed investment funds. The State Investment Council shall submit letters to the managers of investment funds containing companies with scrutinized active business operations requesting the managers to consider removing such companies from the fund or to create a similar actively managed fund with indirect holdings that do not include the companies. If a manager creates a similar fund, the State Investment Council shall promptly replace all applicable investments with investments in the similar fund consistent with prudent investing standards. Source: SL 2010, ch 27, §10.
SD Codified L § 4-5-58 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 05 - Custody And Investment Of State Funds|Section 4-5-58 - Report to Legislative Research Council Executive Board.

4-5-58. Report to Legislative Research Council Executive Board.By January fifteenth of each calendar year, the State Investment Council shall submit a report to the Executive Board of the Legislative Research Council. The report shall include:(1)A copy of the most recent list of scrutinized companies;(2)A summary of correspondence with companies engaged by the State Investment Council pursuant to §4-5-52;(3)A list of all investments sold, redeemed, divested, or withdrawn in compliance with §4-5-53;(4)A list of all prohibited investments pursuant to §4-5-54; and(5)A description of any progress made pursuant to §4-5-57. Source: SL 2010, ch 27, §11.
SD Codified L § 4-5-59 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 05 - Custody And Investment Of State Funds|Section 4-5-59 - Circumstances under which §§ 4-5-48 to 4-5-60, inclusive, become inoperative.

4-5-59. Circumstances under which §§4-5-48 to 4-5-60, inclusive, become inoperative.The provisions of §§4-5-48 to 4-5-60, inclusive, cease to be operative if either of the following occurs:(1)Iran is removed from the United States Department of State's list of countries that have been determined to repeatedly provide support for acts of international terrorism; or(2)The President of the United States determines and certifies that state legislation similar to §§4-5-48 to 4-5-60, inclusive, interferes with the conduct of United States foreign policy. Source: SL 2010, ch 27, §12.
SD Codified L § 4-5-60 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 05 - Custody And Investment Of State Funds|Section 4-5-60 - Construction with other state law.

4-5-60. Construction with other state law.The State Investment Council is exempt from any statutory or common law obligations that conflict with actions taken in compliance with §§4-5-48 to 4-5-59, inclusive, including all good faith determinations regarding companies as required by §§4-5-48 to 4-5-59, inclusive, including any obligations regarding the choice of asset managers, investment funds, or investments for the State Investment Council's securities portfolios. Source: SL 2010, ch 27, §13.
SD Codified L § 4-6-2 (2021)
2021 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.

4-6-2. Depository not disqualified by interest of public officer or employee.Any state or national bank located in South Dakota, may be designated as the official depository of public moneys, notwithstanding the fact that a public officer, official, or employee may have a direct or an indirect interest in said bank either as an officer, director, stockholder, or employee. Source: SL 1967, ch 268.
SD Codified L § 4-6-16 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06 - Depositories Of Public Funds|Section 4-6-16 - Active depositories for collection of instruments--Interest paid.

4-6-16. Active depositories for collection of instruments--Interest paid.The state treasurer shall prepare specifications and select successful bidders for a period not to exceed three years to act as active depositories for the collection of drafts, checks, certificates of deposit, or coupons that may be received by the state treasurer on account of claims due the state, in which may be maintained active checking accounts. The state treasurer may negotiate with the successful bidder to continue such depositories for two years beyond the initial three. The state treasurer, on receipt of any draft, check, or certificate of deposit on account of state dues, may place the same in such active depository for collection and the active depository may collect the same without delay. The interest to be paid by such active depository shall be fixed by the state treasurer. Source: SL 1909, ch 229, §§6, 8; SL 1911, ch 234, §§6, 8; RC 1919, §§6877, 6879; SL 1921, ch 368; SL 1931, ch 229, §1; SL 1937, ch 234; SDC 1939, §55.2404; SL 1939, ch 208, §3; SL 1984, ch 30, §68; SL 1994, ch 42.
SD Codified L § 4-6-22 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06 - Depositories Of Public Funds|Section 4-6-22 - Accounting by treasurer for interest earned--Apportionment of interest to special funds.

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.
SD Codified L § 4-6-23 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06 - Depositories Of Public Funds|Section 4-6-23 - Depository's monthly statement of deposits, disbursements and interest--Affidavit denying bribery--False statement as perjury.

4-6-23. Depository's monthly statement of deposits, disbursements and interest--Affidavit denying bribery--False statement as perjury.Every state depository at the end of each month and oftener when required by the state treasurer, shall file with the state treasurer a sworn statement of the amount of state money deposited with it, and of all payments of state money during the month, together with a computation and statement of the amount of interest earned thereon, computed on the average daily balance, which interest shall be remitted to the state treasury at the end of each month. Such statement shall be accompanied by an affidavit of the president or cashier of such depository bank to the effect that it is in all respects true and correct, and that neither the depository nor any officer, agent, or employee thereof, nor any person on its behalf, has in any way given, paid, or rendered, or promised to give, pay, or render to the state treasurer, or any other person, any money, credit, service, or benefit, by reason or in consideration of the deposit with it of any part or portion of the state money. Any person who shall make any false statement in any affidavit required by this section, shall be guilty of perjury, and upon conviction thereof, shall be punished as provided by law. Source: SL 1909, ch 229, §17; SL 1911, ch 234, §17; RC 1919, §6885; SDC 1939, §§55.2409, 55.9920; SL 1984, ch 30, §72.
SD Codified L § 4-6-24 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06 - Depositories Of Public Funds|Section 4-6-24 - Failure of treasurer to perform duty as misdemeanor.

4-6-24. Failure of treasurer to perform duty as misdemeanor.Any state treasurer who shall intentionally fail or refuse at any time to do or perform any act required of him by this chapter shall be guilty of a Class 2 misdemeanor. Source: SL 1909, ch 229, §3; SL 1911, ch 234, §3; RC 1919, §6874; SDC 1939, §55.9916; SL 1980, ch 24, §56.
SD Codified L § 4-6-26 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06 - Depositories Of Public Funds|Section 4-6-26 - Borrowing on daily basis for management of state deposits--Repayment.

4-6-26. Borrowing on daily basis for management of state deposits--Repayment.For the purpose of managing deposits of state moneys, the state treasurer may, on a daily basis only, borrow moneys from any depository to cover advances made by a depository of the state on uncollected deposits. The state treasurer may pay interest on such borrowed moneys at a rate to be negotiated by him and the lending depository and may take such measures as are necessary to implement this section. All such moneys shall be repaid, with interest, before the end of the fiscal year in which they were borrowed. The state is not liable to repay such moneys from revenues of any later fiscal year. Source: SL 1983, ch 3, §1.
SD Codified L § 4-6A-1 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-1 - Definitions.

4-6A-1. Definitions.Terms as used in this chapter mean:(1)"Commission," the South Dakota Public Deposit Protection Commission created under §4-6A-2;(2)"Deposit insurance," insurance provided by the Federal Deposit Insurance Corporation or the National Credit Union Administration;(3)"Eligible collateral," collateral which is eligible as security for public deposits pursuant to §§51A-10-9, 51A-4-25, and 51A-4-26 and also includes certificates of deposit that are owned by the qualified public depository and that are fully insured by deposit insurance, and that portion of loans which are unconditionally guaranteed by a United States government agency including Government National Mortgage Association (GNMA), the Veterans' Administration (VA), the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA), the Export-Import Bank (EXIMBANK), the Overseas Private Investment Corporation (OPIC), the Commodity Credit Corporation (CCC), and the Small Business Administration (SBA). Further, in lieu of pledging eligible securities, a qualified public depository may furnish to a public depositor irrevocable standby letters of credit issued by Federal Home Loan Banks to the public depositor accompanied by a written evidence of that bank's public debt rating which may not be less than "AA" or better by Moody's Investors Service, Inc., or Standard & Poor's Corporation, or a qualified public depository may furnish to a public depositor a corporate surety bond of a corporation authorized to do business in South Dakota;(4)"Loss," issuance of an order of supervisory authority restraining a qualified public depository from making payments of deposit liabilities or the appointment of a receiver for a qualified public depository;(5)"Maximum liability," a sum equal to one hundred percent of the public deposit accounts which exceed deposit insurance, which are held by the qualified public depository;(6)"Public deposit," all general, special, and other funds held or administered by this state or any political subdivision thereof, including counties, municipalities, townships, and school districts, or by any officer, commission, board, bureau, or agency of the state or political subdivision or any tribal government funds, and which public deposit is insured, in whole or in part, by deposit insurance;(7)"Qualified public depository," a state bank, national bank, federal savings and loan association, or a federally chartered credit union located in this state which receives or holds public deposits; and segregates eligible collateral for public deposits as described in §4-6A-3;(8)"Treasurer," the state treasurer, a county treasurer, a treasurer of any other municipal corporation, or the custodian of any public funds. Source: SL 1974, ch 39, §2; SL 1982, ch 45, §1; SL 1986, ch 44, §1; SL 1986, ch 45, §2; SL 1986, ch 400, §16; SL 1987, ch 45, §1; SL 1991, ch 39; SL 1997, ch 273, §4; SL 2002, ch 221, §3; SL 2015, ch 38, §1; SL 2020, ch 4, § 24.
SD Codified L § 4-6A-2 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-2 - Public deposit protection commission established--Function.

4-6A-2. Public deposit protection commission established--Function.The South Dakota Public Deposit Protection Commission shall be the state treasurer and the director of the Division of Banking, and shall supervise insuring of all public funds. Source: SL 1974, ch 39, §4; SL 1991, ch 391, §15.
SD Codified L § 4-6A-3 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-3 - Segregation of collateral by public depository--Value--Deposit and designation--Letters of credit and surety bonds.

4-6A-3. Segregation of collateral by public depository--Value--Deposit and designation--Letters of credit and surety bonds.Every qualified public depository shall at all times maintain, segregated from its other assets, eligible collateral having a value at least equal to its maximum liability under this chapter. Such collateral shall be segregated by deposit in such manner as the commission approves. The collateral shall be clearly designated as security for the benefit of public depositors under this chapter and shall be pledged as collateral for those public deposit accounts which exceed deposit insurance. Irrevocable standby letters of credit or surety bonds shall be segregated or issued in such manner as the commission approves. Source: SL 1974, ch 39, §6; SL 1982, ch 45, §1A; SL 1986, ch 44, §2; SL 1986, ch 45, §3; SL 1987, ch 45, §2; SL 1997, ch 273, §3.
SD Codified L § 4-6A-4 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-4 - Valuation of collateral--Substitution of securities.

4-6A-4. Valuation of collateral--Substitution of securities.Securities eligible as collateral shall be valued at face value or market value, whichever is less. A qualified public depository may make substitutions of eligible collateral at any time and shall notify the public deposit protection commission of such change immediately. Source: SL 1923, ch 281, §1; SL 1925, ch 281, §1; SL 1927, ch 196, §1; SL 1933 (SS), ch 16, §1; SDC 1939, §55.2402; SL 1939, ch 208, §2; SL 1941, ch 302; SDCL, §4-6-11; SL 1974, ch 39, §7; SL 1986, ch 44, §3.
SD Codified L § 4-6A-5 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-5 - Income from collateral.

4-6A-5. Income from collateral.The income from the securities which have been segregated as collateral shall belong to the qualified public depository without restriction. Source: SL 1974, ch 39, §8; SL 1982, ch 45, §1B; SL 1986, ch 44, §4.
SD Codified L § 4-6A-6 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-6 - Information required of depository--Disqualification on failure to provide information.

4-6A-6. Information required of depository--Disqualification on failure to provide information.The public deposit protection commission may require any qualified public depository to furnish such information dealing only with public deposits as the commission shall request. Any public depository which refuses or neglects to give any information so requested may no longer be a qualified public depository and is excluded from the right to receive public deposits until such time as the commission shall acknowledge that such depository has furnished the information requested. Source: SL 1974, ch 39, §5 (2); SL 1982, ch 45, §1C; SL 1986, ch 44, §5; SL 1986, ch 45, §4; SL 1987, ch 45, §4.
SD Codified L § 4-6A-7 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-7 - Reports of public deposits and segregated collateral--False statement as perjury.

4-6A-7. Reports of public deposits and segregated collateral--False statement as perjury.On each call report date, or more often as determined by the public deposit protection commission, each qualified public depository shall render to the commission a written report, certified under oath, indicating the total amount of public deposits held by it and the amount and nature of the eligible collateral segregated and designated therefor in accordance with this chapter. Any person who makes a false statement in any affidavit required by this section is guilty of perjury, and upon conviction thereof, shall be punished as provided by law. Source: SL 1974, ch 39, §11; SL 1982, ch 45, §1D; SL 1986, ch 44, §6; SL 1986, ch 45, §5; SL 1987, ch 45, §5.
SD Codified L § 4-6A-8 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-8 - Treasurer not liable for loss from authorized deposits.

4-6A-8. Treasurer not liable for loss from authorized deposits.When deposits are made in accordance with this chapter, a treasurer shall not be liable for any loss thereof resulting from the failure or default of any depository without fault or neglect on his part or on the part of his assistants or clerks. Source: SL 1909, ch 229, §2; SL 1911, ch 234, §2; RC 1919, §6873; SL 1923, ch 282; SL 1927, ch 200, §1; SL 1929, ch 233; SDC 1939, §55.2401; SL 1939, ch 208, §1; SL 1949, ch 218; SDCL, §4-6-15; SL 1974, ch 39, §12.
SD Codified L § 4-6A-9 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-9 - Public deposits protected by chapter.

4-6A-9. Public deposits protected by chapter.All public deposits, including accrued interest thereon, in qualified public depositories shall be protected against loss, to the extent provided in this chapter. Source: SL 1974, ch 39, §3; SL 1982, ch 45, §1E; SL 1986, ch 44, §7; SL 1986, ch 45, §6; SL 1987, ch 45, §6.
SD Codified L § 4-6A-10 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-10 - Payment to public officers after loss determined--Procedures.

4-6A-10. Payment to public officers after loss determined--Procedures.When the Public Deposit Protection Commission determines that a loss has occurred, the commission shall, as soon as possible, make payment to the proper public officers of all funds subject to such loss, pursuant to the procedures set forth in §§4-6A-11 to 4-6A-15, inclusive. Source: SL 1974, ch 39, §9.
SD Codified L § 4-6A-11 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-11 - Ascertainment of public deposits and insurance when depository restrained or taken in possession--Certification to public depositors.

4-6A-11. Ascertainment of public deposits and insurance when depository restrained or taken in possession--Certification to public depositors.For the purposes of determining the sums to be paid pursuant to §4-6A-10, the Public Deposit Protection Commission shall, within twenty days after issuance of a restraining order or the taking of possession of any qualified public depository, ascertain the amount of public funds on deposit therein as disclosed by its record and the accounts thereof insured by deposit insurance and certify such insured accounts to each such public depositor. Source: SL 1974, ch 39, §9 (1); SL 1982, ch 45, §1F; SL 1986, ch 44, §8; SL 1986, ch 45, §7; SL 1987, ch 45, §7.
SD Codified L § 4-6A-12 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-12 - Depositors' statements of deposits to commission.

4-6A-12. Depositors' statements of deposits to commission.Within ten days after receipt of certification pursuant to §4-6A-11, each public depositor shall furnish to the Public Deposit Protection Commission verified statements of its deposits in the depository as disclosed by its records. Source: SL 1974, ch 39, §9 (2).
SD Codified L § 4-6A-13 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-13 - Losses in depositories--Assessment against public depositories.

4-6A-13. Losses in depositories--Assessment against public depositories.If a loss occurs in a qualified public depository, upon receipt of statements furnished pursuant to §4-6A-12, the Public Deposit Protection Commission shall ascertain and fix the amount of such public deposit accounts net after deduction of deposit insurance and assess the same against that qualified public depository. Source: SL 1974, ch 39, §9 (3); SL 1982, ch 45, §1G; SL 1986, ch 44, §9; SL 1986, ch 45, §8; SL 1987, ch 45, §8.
SD Codified L § 4-6A-14 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-14 - Payment of assessments by depositories--Liquidation of collateral on failure to pay.

4-6A-14. Payment of assessments by depositories--Liquidation of collateral on failure to pay.Assessments made by the Public Deposit Protection Commission pursuant to §4-6A-13 shall be payable on the second business day following demand, and in case of the failure of any qualified public depository so to pay, the commission shall forthwith take possession of the securities segregated as collateral by such depository pursuant to this chapter and liquidate the same for the purpose of paying such assessment. Source: SL 1974, ch 39, §9 (4).
SD Codified L § 4-6A-15 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-15 - Reimbursement of public depositors from proceeds of assessments.

4-6A-15. Reimbursement of public depositors from proceeds of assessments.Upon receipt of assessment payments under §4-6A-14, the Public Deposit Protection Commission shall reimburse the public depositors of the qualified public depository in which the loss occurred to the extent of the depository's net deposit liability to them. Source: SL 1974, ch 39, §9 (5); SL 1986, ch 44, §10.
SD Codified L § 4-6A-16 (2021)
2021 South Dakota Codified Laws|Title 4 - Public Fiscal Administration|Chapter 06A - Insurance Of Public Deposits|Section 4-6A-16 - Actions for protection or settlement of claims.

4-6A-16. Actions for protection or settlement of claims.The Public Deposit Protection Commission shall have the power to take such action as the commission deems best for the protection, collection, compromise, or settlement of any claim arising in case of loss. Source: SL 1974, ch 39, §5 (3).