38-33-7. Assessment--Collection--Deposit.
119 words·~1 min read·
/sd/title-38/chapter-38-33/38-33-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An assessment not to exceed 0.45 percent of the market value of each swine when sold is imposed by the commission upon all swine sold in the state by a South Dakota resident. However the commission may enter into reciprocal agreements with other states that also have a swine checkoff fee to remit the assessment to the state where the swine were grown.
Any purchaser of swine shall collect the assessment imposed by §§ 38-33-1 to 38-33-12 , inclusive, by deducting the assessment from the purchase prices of all swine subject to the assessment.
Moneys collected from checkoff fees shall be deposited in a special revolving fund created in the state treasury and are continuously appropriated to the commission.