South Dakota Codified Laws > Title 5 > Chapter 26 – Prompt Payment Act


§ 5-26-1	Definitions
§ 5-26-2	Deadlines for payments
§ 5-26-3	Interest on overdue payments–Rate
§ 5-26-3.1	Payment of less than five dollars in interest prohibited
§ 5-26-4	Additional appropriations for interest prohibited
§ 5-26-5	Disputed payments exempt–Notice of dispute required
§ 5-26-6	Time for payments to subcontractors and suppliers–Interest on overdue amounts–When payments due
§ 5-26-7	Citation of chapter
§ 5-26-8	Exemptions of transactions between government agencies

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Contract: A legal written agreement that becomes binding when signed.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Personal property: All property that is not real property.
Personal property: includes money, goods, chattels, things in action, and evidences of debt. See South Dakota Codified Laws 2-14-2
Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Statute: A law passed by a legislature.
written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2