Section 49-31-117 - Commission disbursement of certain bond or other proceeds to affectedcustomers--Interest. - South Dakota Statutes

49-31-117. Commission disbursement of certain bond or other proceeds to affected customers--Interest. Upon receipt of any bond, letter of credit, or other proceeds that are payable to the commission and were issued to protect the financial interests of customers of a telecommunications company, the commission shall disburse the proceeds to affected customers pursuant to chapter 1-26. Any interest and other revenue earned on the proceeds shall accrue for the benefit of the affected customers.

Source: SL 2005, ch 248, § 1.