SB 74 transfers nearly $98 million from two state reserve funds into South Dakota's general fund: $56.2 million from the budget reserve fund and $41.9 million from the general revenue replacement fund. The bill declares an emergency so these transfers take effect immediately after the governor signs it, allowing the state to use these reserve funds for current government operations and public institutions.
AI-generated summary
This bill does not directly amend codified state law.
First read in House and referred to House Committee on Appropriations H.J. 445
Senate Do Pass Passed, YEAS 26, NAYS 7. S.J. 374
Committee on Appropriations Do Pass Passed, YEAS 5, NAYS 3.
Committee on Appropriations Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Committee on Appropriations S.J. 11
Do Pass
Do Pass
Do Pass