Pooled fund maintained by department--Moneys credited.

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61-5-53. Pooled fund maintained by department--Moneys credited.

The department shall maintain a pooled fund, all moneys in which shall be mingled and undivided, to which shall be credited:

(1)All realized earnings and gains on investments of the fund and interest paid on delinquent contributions;

(2)All contributions paid by employers;

(3)All fines and penalties collected pursuant to the provisions of this title.

Source: SL 1937, ch 224, §3; SDC 1939, §17.0822 (5); SL 1947, ch 89, §1; SDC Supp 1960, §17.0822 (4); SL 2008, ch 277, §94; SDCL §61-5-34; SL 2012, ch 252, §59.


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