64:32:01:03.  Transfer refunds. An applicant replacing a licensed vehicle with an older or lighter vehicle may receive a refund if the refund due the applicant exceeds five dollars. An applicant receiving a refund shall then license his replacement vehicle and pay the licensing fee plus the ten-dollar power unit identification fee.

          Source: 5 SDR 51, 5 SDR 53, effective January 2, 1979; 8 SDR 87, 8 SDR 134, effective July 1, 1982; transferred from § 61:03:01:03, SL 1985, ch 399, §§ 17, 18, effective April 15, 1985; 13 SDR 129, 13 SDR 134, effective July 1, 1987; 17 SDR 4, effective July 18, 1990.

          General Authority: SDCL 32-10-3.

          Law Implemented: SDCL 32-3-18.