It is hereby declared to be in the public interest, in order to permit full and adequate regulation of public utilities as defined in chapter 49-34A, and telecommunications companies as defined in subdivision 49-31-1(28), to establish a fund known as the South Dakota Public Utilities Commission gross receipts tax fund.

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Source: SL 1975, ch 112, § 1; SL 1976, ch 292, § 1; SL 1991, ch 381, § 1.