12:07:12:19Interest
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
rate determination. Except as stated in § 12:07:12:18, the commissioner may change the rate of interest per annum according to the following procedure: (1) The commissioner shall request recommendations for an interest rate from the review committee and the administrator; (2) The commissioner shall request information on current market rates; (3) Within five working days, the commissioner shall set the standard interest rate.
Source: 17 SDR 141, effective March 25, 1991; 45 SDR 31, effective September 13, 2018; SL 2019, ch 235, § 37 and 38, effective April 14, 2019.