Section 34A-13-14 - Petroleum Release Compensation Board--Appointment of members--Terms. - South Dakota Statutes

34A-13-14. Petroleum Release Compensation Board--Appointment of members--Terms. The Petroleum Release Compensation Board consists of five persons appointed by the Governor as follows: one with experience in insurance or claims adjusting; one with experience in banking or a finance related business; one engineer or one person with experience in a technical field; and two persons from the petroleum marketing industry. Not all members of the board may be of the same political party. The term of an appointment shall be five years. Two members shall originally be appointed for five years, two persons for four years and one person for three years.
All functions of the Petroleum Release Compensation Board under chapter 34A-13 are hereby transferred to the secretary of the Department of Revenue and Regulation. The Petroleum Release Compensation Board shall continue as an advisory board to the secretary of the Department of Revenue and Regulation as provided for by § 1-32-4.1, on issues concerning petroleum inspection and release compensation.

Source: SL 1988, ch 290, § 14; SL 1995, ch 321 (Ex. Ord. 95-5), § 17; SL 2003, ch 272, § 31.