State of South Dakota
LEGISLATIVE ASSEMBLY, 2019
||SENATE BILL NO. 17 |
Introduced by: The Committee on Commerce and Energy at the request of the Public Utilities Commission
FOR AN ACT ENTITLED, An Act to revise certain provisions regarding certain indemnity bonds that the Public Utilities Commission may require.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 49-41B-38 be amended to read:
49-41B-38. In the case of any
trans-state transmission facility or transmission
facility as defined in this chapter, the
Public Utilities Commission shall commission may
require any person performing any construction or survey work to furnish an indemnity bond in a reasonable amount, which shall be in lieu of any county or township indemnity bond pursuant to §§ 31-12-43 and 31-13-55.
bond shall run in favor of, and for the benefit of,
townships, counties, or other governmental entities whose property is crossed by
such trans-state transmission facility or transmission the
facility to insure that any damage beyond normal wear to public roads, highways, bridges, or other related facilities shall be adequately compensated. The
form, terms, and conditions of such bond shall be subject to the approval of the Public Utilities Commission commission shall approve the form, terms, and conditions of any indemnity bond required under this section
|100 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.167 per page.
|Insertions into existing statutes are indicated by underscores.|
Deletions from existing statutes are indicated by