06:03:01:02Local accounts.

State agencies which have local accounts are exempt from § 6:03:01:01 under the following circumstances: (1) If an agency makes refunds from a local account, the agency may retain in the account the funds necessary for that purpose; and (2) If an agency uses a local account only for remitting funds to the state treasurer, the agency may retain the funds until the balance reaches $500. Once that sum is reached, all funds must be remitted except those necessary for account maintenance or those funds authorized by the state auditor and treasurer under SDCL 4-4-3.

Source: 13 SDR 33, effective September 28, 1986.