Payment of less than five dollars in interest prohibited.

  1. Law
  2. South Dakota Codified Laws
  3. Public Property, Purchases and Contracts
  4. Prompt Payment Act
  5. Payment of less than five dollars in interest prohibited.

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5-26-3.1. Payment of less than five dollars in interest prohibited.

No agency is required to pay interest due because of late payment if the interest is less than five dollars.

Source: SL 1985, ch 45, §5; SL 1988, ch 59, §3.


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