Section 54-13-5 - Responsibility for fees--Farm mediation operating fund created--Appropriation--Annual review--Disbursements. - South Dakota Statutes

54-13-5. Responsibility for fees--Farm mediation operating fund created--Appropriation--Annual review--Disbursements. Any fees provided under this chapter and by rule shall be borne equally between the borrower and the creditor. Such fees and any funds received pursuant to the Agricultural Credit Act of 1987 shall be deposited in the farm mediation operating fund which is hereby created. All money in the farm mediation operating fund created by this section is continuously appropriated for the purposes of administering the farm mediation program. All funds received by the agriculture mediation program shall be set forth in an informational budget as described in § 4-7-7.2 and be annually reviewed by the Legislature. Any disbursements from the farm mediation operating fund shall be by authorization of the secretary of agriculture.

Source: SL 1988, ch 384, § 5; SL 2001, ch 259, § 5.