South Dakota Administrative Rules
Title 67 - Department of Social Services
Article 67:16 - Covered medical services
Chapter 67:16:04 - Nursing facility rate setting
Section 67:16:04:50 - Return on net equity
Universal Citation: SD Admin Rules 67:16:04:50
Current through Register Vol. 51, page 43, September 23, 2024
A return on net equity is an allowable cost for proprietary facilities. The allowable rate of return is the sum of the average midpoint of the prime interest rate and the average rate of 180-day United States treasury bills as reported on the last business day of June, September, December, and March, divided by two. The rate of return may not exceed ten percent.
General Authority: SDCL 28-6-1(2).
Law Implemented: SDCL 28-6-1(2).
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