39:03:01:01.  Definitions. Terms used in this article mean:

          (1)  "Financial institution," a bank, credit union, savings and loan association, investment trust, or other organization held out to the public as a place to deposit funds or as a medium of savings or collective investment;

          (2)  "Principal combined fund-raising organization," "PCFO," an umbrella organization incorporated under § 501(c)(3) of the Internal Revenue Code as in effect on July 1, 1989, that collects charitable funds for distribution to local fund-raising campaign committees (LFCC) incorporated under § 501(c)(3) that in turn distribute the funds collected to local human service organizations incorporated under § 501(c)(3);

          (3)  "Voluntary payroll deduction," a subtraction or withholding from a state employee's salary upon his written authorization.

          Source: 8 SDR 154, effective May 23, 1982; transferred from § 5:01:01:01, SL 1985, ch 33, § 9, effective July 1, 1985; 16 SDR 43, effective September 12, 1989.

          General Authority:SDCL 3-10-8.

          Law Implemented:SDCL 3-10-8.