Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
The allowable costs associated with a related-party transaction are equal to the actual cost to the related organization or the fair market value, whichever is lower.
Source: 16 SDR 26, effective August 13, 1989; transferred from § 67:16:04:08.05, 21 SDR 8, effective July 25, 1994; 29 SDR 177, effective July 1, 2003; 29 SDR 177, adopted July 1, 2003, effective July 1, 2004.