4-3-18. Remittance of federal payments to counties--Distribution to taxing subdivisions.Upon the receipt of any of the funds referred to in §4-3-17 the state treasurer shall remit the same to the county treasurer of the county wherein is situated the land on behalf of which such payment is made, and the county treasurer shall then distribute such funds to the credit of the taxing subdivision or subdivisions of the county in the same proportion as the tax upon such lands would be distributed under the laws of this state for the current year in which such payment or payments are made. Source: SL 1937, ch 247, §2; SDC 1939, §§55.1402, 57.1013.
South Dakota Legal Code