ARSD Article 06:01 — STATE INVESTMENT COUNCIL

STATE TREASURER STATE TREASURER

Chapter 06:01:01

ARSD 06:01:01:01 Superseded

Commission Note: 1975 Session Laws, chapter 16, 24, provides a statutory procedure to use for petitioning an agency for amendments to its rules, thus effectively superseding this section.

ARSD 06:01:01:02 Agency action on request, Repealed

History

• Source: SL 1975, ch 16, § 1; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:01:03 Request for decision from agency, Repealed

History

• Source: SL 1975, ch 16, § 1; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:01:04 Petition for declaratory ruling

A person described in SDCL 1-26-15 may file a petition with the State Investment Council requesting a declaratory ruling on the applicability of a statutory provision administered by the council or of a rule or order made by the council. The petition must be in writing and contain the facts necessary to inform the council of the nature of the ruling requested. Upon receipt of the petition, the council may request of the petitioner any additional information necessary for the council to issue its ruling. Within thirty days following the receipt of the petition, or within thirty days following receipt of any additional requested information, the council shall issue its declaratory ruling and serve a copy of the ruling by mail upon the petitioner.

History

• Source: 50 SDR 12, effective August 8, 2023.
• General Authority: SDCL 1-26-15.
• Law Implemented: SDCL 1-26-15.

Chapter 06:01:02

ARSD 06:01:02:01 Setting rates

6:01:02 :01. Setting rates. The investment council shall set the rates to be paid the state for its funds invested in certificates of deposit in South Dakota qualified public depositories. The investment council shall establish the date and time to be used for setting the rate at a regularly scheduled investment council meeting. The rate shall be based on a U.S. treasury note, federal agency note, or other financial instrument matching the term of the certificate of deposit.

History

• Source: SL 1975, ch 16, § 1; 28 SDR 88, effective December 16, 2001; 36 SDR 27, effective August 26, 2009; 40 SDR 223, effective June 23, 2014.
• General Authority: SDCL 4-5-28.
• Law Implemented: SDCL 4-5-28.

ARSD 06:01:02:02 Allocation of funds

6:01:02 :02. Allocation of funds. The investment council may allocate a portion of the state funds to South Dakota qualified public depositories insured per SDCL subdivision 4-6A-1(2). Initially, each individual bank or association shall be offered a certificate of deposit on a pro rata basis of its South Dakota loans and municipal bonds outstanding to total loans and municipal bonds outstanding in South Dakota banks and associations. Any unsubscribed funds shall be immediately offered to other qualified public depositories on a pro rata basis of its South Dakota loans and municipal bonds outstanding to total loans and municipal bonds outstanding in South Dakota other qualified public depositories. However, the minimum allocation shall be equal to the current FDIC deposit insurance coverage limit. Collateralization is required for the allocation amount in excess of deposit insurance per SDCL 4-6A-3.

History

• Source: SL 1975, ch 16, § 1; 4 SDR 67, effective April 18, 1978; 6 SDR 60, effective December 23, 1979; 28 SDR 88, effective December 16, 2001; 40 SDR 223, effective June 23, 2014.
• General Authority: SDCL 4-5-28.
• Law Implemented: SDCL 4-5-28.

ARSD 06:01:02:03 Repealed

History

• Source: SL 1975, ch 16, § 1; repealed, 28 SDR 88, effective December 16, 2001.

ARSD 06:01:02:04 Repealed

History

• Source: SL 1975, ch 16, § 1; repealed, 40 SDR 223, effective June 23, 2014.

Chapter 06:01:03

ARSD 06:01:03:01 Repealed

History

• Source: SL 1975, ch 16, § 1; 28 SDR 88, effective December 16, 2011; 36 SDR 27, effective August 26, 2009; repealed, 40 SDR 223, effective June 23, 2014.

ARSD 06:01:03:02 Repealed

History

• Source: SL 1975, ch 16, § 1; repealed, 40 SDR 223, effective June 23, 2014.

ARSD 06:01:03:03 Repealed

History

• Source: SL 1975, ch 16, § 1; 28 SDR 88, effective December 16, 2001; repealed, 40 SDR 223, effective June 23, 2014

Chapter 06:01:04

ARSD 06:01:04:01 Investment in mortgage-backed securities permitted, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:02 Incorporation or charter of issuer, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:03 Delinquency rate on mortgage portfolio managed by issuer, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:04 Par value of mortgage collateral, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:05 Individual mortgage loans serving as collateral, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:06 Collateral for mortgages not federally insured or guaranteed, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:07 Mortgages to be controlled by trustee, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:08 Maturity of and security for fixed maturity bonds, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:09 Mortgage credit insurance and special hazard insurance for mortgage pass-through certificates, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:10 Registration with the securities and exchange commission, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:11 Purchase not to exceed 50 percent of one issue, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:12 Thirty percent of issue to be purchased by funds subject to certain federal regulation, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:13 Limit on purchase of any one issue, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:14 Prospectus required before purchase, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:04:15 Application of chapter, Repealed

History

• Source: 9 SDR 53, effective November 3, 1982; 50 SDR 12, effective August 8, 2023.

Chapter 06:01:06

ARSD 06:01:06:01 Definitions, Repealed

History

• Source: 28 SDR 47, effective October 7, 2001; SL 2002, ch 94, § 5, effective February 22, 2002; 40 SDR 223, effective June 23, 2014; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:06:02 Changing designated beneficiary, Repealed

History

• Source: 28 SDR 47, effective October 7, 2001; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:06:03 Account balance limitations, Repealed

History

• Source: 28 SDR 47, effective October 7, 2001; 50 SDR 12, effective August 8, 2023.

ARSD 06:01:06:04 Repealed

History

• Source: 28 SDR 47, effective October 7, 2001; SL 2002, ch 94, § 6, effective February 22, 2002.

ARSD 06:01:06:05 Oversight of financial institutions, Repealed

History

• Source: 28 SDR 47, effective October 7, 2001; 50 SDR 12, effective August 8, 2023.

Chapter 06:01:07

ARSD 06:01:07:01 Repealed

History

• Source: 28 SDR 88, effective December 16, 2001; repealed, 40 SDR 223, effective June 23, 2014.

ARSD 06:01:07:02 Repealed

History

• Source: 28 SDR 88, effective December 16, 2001; 36 SDR 27, effective August 26, 2009; repealed, 40 SDR 223, effective June 23, 2014.

ARSD 06:01:07:03 Repealed

History

• Source: 28 SDR 88, effective December 16, 2001; repealed, 40 SDR 223, effective June 23, 2014.