The Finance Officer may impose and collect a fee for any payment made to the city and returned due to insufficient funds as provided for in SDCL § 57A-3-421. The amount of the fee shall be the maximum amount allowed under SDCL § 57A-3-421 unless the City Council shall set a lower amount by resolution. This insufficient funds fee shall apply to all methods and classes of payments made to the city, whether checks, money orders, ACH payments or otherwise, which are returned for insufficient funds or account closed. The collection made by the Finance Officer shall include any applicable sales tax on such fees.
(Ord. 1072, passed 4-1-2024)