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34 chapters · 616 sections in this title.
SDCL § 5-26-1 Definitions
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Terms used in this chapter mean: (1) "Agency," each association, authority, board, branch, commission, committee, council, department, division, office, officer, system, task force, or other agent of the state government vested with the authority to exercise any portion of the st…
SDCL § 5-26-2 Deadlines for payments
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An agency which acquires property or services pursuant to a contract with a business shall pay for each complete delivered item of property or service on the date required by contract between the business and agency or, if no date for payment is specified by contract, within fort…
SDCL § 5-26-3 Interest on overdue payments--Rate
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Any proper invoice not paid within forty-five days shall accrue interest beginning on the thirtieth day after receipt of property or service and receipt of the invoice covering the delivered items or services. Interest shall accrue and be charged on any payment overdue under § 5-…
SDCL § 5-26-3.1 Payment of less than five dollars in interest prohibited
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No agency is required to pay interest due because of late payment if the interest is less than five dollars. Source: SL 1985, ch 45 , § 5; SL 1988, ch 59 , § 3.
