S.D. Admin. R. 67:16:04:45

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

Section 67:16:04:45 - Rent paid to related-party organization not allowable - Cost of ownership used

Rent paid to a related-party organization is not an allowable cost. Actual cost of ownership must be used. For purposes of this rule, cost of ownership is mortgage interest, depreciation on and repairs to buildings and equipment, insurance on buildings and equipment, and property taxes.

S.D. Admin. R. 67:16:04:45

16 SDR 26, effective 8/13/1989; transferred from

General Authority: SDCL 28-6-1.

Law Implemented: SDCL 28-6-1.