<html> <head> <title>Rule 12:03:05:21 Retention of allocated funds.</title> <META NAME="Keywords" Content="Administrative Rules 12:03:05:21"> <META NAME="Description" Content="Administrative Rules 12:03:05:21 Retention of allocated funds."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>12:03:05:21.&nbsp;&nbsp;Retention of allocated funds.</b> Five percent of allocated funds shall be retained by the commission until the project has been completed and all required documentation is on file with the commission. When the documentation provided to the division is complete, the commission shall make final payment of funds designated for the project.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 19 SDR 52, effective October 15, 1992; 21 SDR 90, effective November 14, 1994; 22 SDR 119, effective March 24, 1996.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=38-7-27">38-7-27.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=38-7-27">38-7-27.</A></p> </div> </body> </html>