S.D. Admin. R. 67:16:29:06

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

Section 67:16:29:06 - Rental payments applied to purchase

When equipment is rented, the rental payments must be applied toward the allowable purchase price of the equipment. The department shall consider the equipment purchased when 12 rental payments have been made without a break in rental payments of three or more consecutive months. A new rental period begins when a break in rental payments of three or more consecutive months occurs. If the total of the 12 rental payments is less than the allowable purchase price of the equipment, the department shall consider the equipment purchased when the total rental payments equal the allowable purchase price. In either case, once the equipment is purchased, the provider may not submit an additional claim for payment of the equipment purchased.

S.D. Admin. R. 67:16:29:06

14 SDR 46, effective 9/28/1987; 16 SDR 239, effective 7/9/1990; 17 SDR 194, effective 7/1/1991; 18 SDR 210, effective 6/23/1992; 25 SDR 18, effective 8/18/1998.

General Authority: SDCL 28-6-1(2).

Law Implemented: SDCL 28-6-1(2).