ARSD 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.

Source: 3 SDR 2, effective July 19, 1976; 12 SDR 86, effective November 24, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 49-34A-4.

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