South Dakota Codified Laws 57A-9-529. Disposition of balance of funds
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At the end of each fiscal year, any funds in the financing statement and annual report filing fee fund, not otherwise appropriated, in excess of twenty-five thousand dollars, shall revert to the general fund.
Terms Used In South Dakota Codified Laws 57A-9-529
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Source: SL 2001, ch 262, § 4; SL 2009, ch 256, § 4.