Title 4 — PUBLIC FISCAL ADMINISTRATION

Repealed by SL 1986, ch 44 , § 12.

Upon payment to any public depositor, the public deposit protection commission is subrogated to all of such depositor's right, title and interest against the qualified public depository in which the loss occurred. If the commission incurs expense in enforcing any such claim, the …

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.

The Public Deposit Protection Commission may make and enforce rules necessary and proper to the full and complete performance of the commission's functions under this chapter, including the authority to provide by rule for a sum less than one hundred percent if the depositor of p…

This chapter may be cited as the Public Deposit Insurance Act. Source: SL 1974, ch 39 , § 1.

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…

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…

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.

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 b…

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 …

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 …

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…

4-7-22 Transferred to §§ 1-14-12.2 to

4-7-25.1 Budgetary accounting service agency--Administration--Purpose. 4-7-25.2 Budgetary accounting fund. 4-7-25.3 Budgetary accounting service agency--Financing. 4-7-25.4 Fees for budgetary accounting services. 4-7-26 Rules and regulations. 4-7-27 Short title of chapter. 4-7-28…

Terms used in this chapter, unless the context otherwise requires, mean: (1) "Appropriation," an authorization by the Legislature to a budget unit to expend, from public funds, a sum of money not in excess of the sum specified, for the purposes specified in the authorization and …

For the purposes of this chapter: (1) An "advisory body" is one which serves as an official consultant or advisor to a state agency without making formal policy decisions for the agency or its programs; (2) A "legislative body" is one composed primarily of legislators pursuant to…

The budget report shall contain and include the following information: (1) Summary statements of the financial condition of the state, accompanied by such detailed schedules of assets and liabilities as the Governor deems desirable, which shall include, but not be limited to, the…

The budget report of the Governor shall contain a separate schedule disclosing the current salaries of elected officials, gubernatorial cabinet members, higher education commissioners and institution heads, executive branch institution heads, public utilities executive director, …

All statutory provisions specifically establishing salaries or providing administrative procedures to establish salaries for appointed officials of all departments and agencies of the executive branch of state government are hereby repealed. Source: SL 1969, ch 218 , § 2.

Repealed by SL 1981, ch 30 , § 4.

All statutory provisions specifically establishing salaries or compensation on a per diem basis and reimbursement of expenses for appointed members of all boards, commissions, councils, committees, and all other statutory or executive created policy making or advisory bodies of s…

Transferred to §

The Governor - elect and the Governor-elect's designated budget representatives are entitled to examine the budget report in process and the Bureau of Finance and Management shall provide the Governor-elect with every practicable facility for familiarizing the Governor-elect with…

The financial plan for each fiscal year, as presented in the budget report, shall be adopted, with such modifications as are made by the Legislature, by the passage of a general appropriations act and special appropriations acts and such revenue and other acts as are necessary. S…

The financial plan adopted by the Legislature as prescribed in § 4-7-13 shall separate the appropriations for full - time equivalent positions as defined in subdivision 2-14-2(12). Source: SL 1977, ch 40 , § 2. Effective July 1, 2026

Transferred to §

The Bureau of Finance and Management, at the direction and under the control of the Governor, and subject to the provisions of this chapter, shall develop financial policies and plans as the basis for budget recommendations to the Legislature, and prepare detailed documents in ac…

The Bureau of Finance and Management, at the direction and under the control of the Governor, and subject to the provisions of this chapter, § 12-13-9 , and 12-13-25.1 , shall analyze financial and administrative aspects of proposed legislation. Source: SL 1963, ch 353 , § 4 (5);…

The Bureau of Finance and Management, at the direction and under the control of the Governor, and subject to the provisions of this chapter, shall provide such assistance as the Legislature may request and be available to assist its appropriations committees with any needed infor…

The Bureau of Finance and Management, at the direction and under the control of the Governor, and subject to the provisions of this chapter, shall coordinate the fiscal affairs and procedures of the state to assure the carrying out of the financial plans and policies approved by …

4-7-4 Qualifications of commissioner--Salary. 4-7-5 Employment of personnel for bureau--Expenses of personnel--Equipment and supplies--Office space. 4-7-6 Assistance to bureau by other state officers. 4-7-7 Annual budget estimates submitted by budget units--Contents and approval-…

Transferred to §

The Bureau of Finance and Management, at the direction and under the control of the Governor, and subject to the provisions of this chapter, shall develop plans for improvements and economies in organization and operation of state agencies and install such plans as are approved b…

Transferred to §

4-7-22 to 4-7-24. Transferred to §§ 1-14-12.2 to

The Bureau of Finance and Management, at the direction and under the control of the Governor, and subject to the provisions of this chapter, shall perform all other duties provided for in this chapter and such other duties as the Legislature may from time to time prescribe. Sourc…

The Bureau of Finance and Management shall administer a service agency whose primary purpose shall be to serve statewide needs relating to budgetary accounting services and to provide the services for any department, agency, commission, institution, or any other units of state go…

There is hereby established in the state treasury a budgetary accounting fund. Any receipts or revenues into this fund may be expended pursuant to chapters 4-7 , 4-8 , and 4-8A for the purpose of defraying the expenses of the budgetary accounting services provided by the service …

The operations of the service agency shall be financed by means of appropriations, gifts, grants, or reimbursements for services rendered which shall be receipted into the budgetary accounting fund authorized and established in the state treasury by §

The fee schedule for the services shall be designed, to the extent practicable, to recover all costs incurred in the operation of the service agency. No charges shall be assessed for budgetary accounting services performed in relation to general fund accounts. Source: SL 1980, ch…

The commissioner of finance and management is hereby authorized, upon approval of the Governor, to issue such rules and regulations as he deems necessary for the carrying out of the provisions and intent of this chapter. Source: SL 1963, ch 353 , § 3.

This chapter shall be known and may be cited as the "Budget Act." Source: SL 1963, ch 353 , § 1.

Notwithstanding any other provision of the law, salaries set by persons or bodies in agencies under the control of the Governor shall be approved by the Governor prior to becoming effective. Source: SL 1981, ch 30 , § 2.

The provisions of § 4-7-28 do not apply to officials under the jurisdiction of the Board of Regents. Source: SL 1981, ch 30 , § 3; SL 1989, ch 20 , § 49. 4-7-30. Repealed by SL 2006, ch 2 , § 14.

The Governor, through the Bureau of Finance and Management, shall supervise every public department, agency, commission, institution and other governmental units as is necessary to secure a uniform and standard classification of accounts and financial reports that will promote th…

4-7-31 Budget reserve fund established. 4-7-32 Transfer of unobligated cash to budget reserve fund--Legislative action required for reserve fund expenditures. 4-7-33 Repealed by SL 1994, ch 43 , § 4. 4-7-35 Repealed by SL 1999, ch 21 , §§ 1 to 4. 4-7-39 Transfer of unobligated ca…

There is hereby established within the state treasury the budget reserve fund. Source: SL 1991, ch 41 , § 1.

On July first of each fiscal year or at such time that the prior fiscal year general fund ending unobligated cash balance is determined, the commissioner of the Bureau of Finance and Management shall transfer all prior year unobligated cash up to an amount equal to ten percent of…

The commissioner of the Bureau of Finance and Management shall transfer any unobligated cash remaining after the transfer into the budget reserve fund as required by § 4-7-32 into the general revenue replacement fund if the amount in the general revenue replacement fund does not …

No person shall be eligible for appointment as commissioner of finance and management who does not hold a baccalaureate degree from a recognized institution of higher education. The appointment of the commissioner shall be based upon the qualifications of eligible persons, withou…