S.D. Admin. R. 20:10:19:08

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:10:19:08 - Interest on deposits to be paid by utility

Each utility shall pay interest of seven percent simple interest per annum on deposits. Any change in the rate set by this section shall affect only those deposits accepted after the change. Interest shall accrue from the date of acceptance of the deposit until the day the deposit is refunded under § 20:10:19:11 or upon termination of service.

S.D. Admin. R. 20:10:19:08

3 SDR 2, effective 7/19/1976; 12 SDR 86, effective 11/24/1985; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 49-34A-4.

Law Implemented: SDCL 49-34A-3, 49-34A-4, 49-34A-27.