It is hereby declared to be in the public interest, in order to permit full and adequate regulation of public utilities as defined in chapter 49-34A, and telecommunications companies as defined in subdivision 49-31-1(28), to establish a fund known as the South Dakota Public Utilities Commission gross receipts tax fund.

Source: SL 1975, ch 112 , § 1; SL 1976, ch 292 , § 1; SL 1991, ch 381 , § 1.