___________________ moved that SB 233 be amended as follows:
" Section 9. There is hereby appropriated from the general fund the sum of five million dollars
($5,000,000), or so much thereof as may be necessary, to the education enhancement trust fund
created pursuant to S.D. Const., Art. XII, § 6 to allow the funds to be invested to fund the critical
teaching needs scholarship program created in this Act.
Section 10. The state treasurer shall approve vouchers and the state auditor shall draw warrants
to pay expenditures authorized by this Act.
Section 11. That § 4-5-29.2 be amended to read as follows:
4-5-29.2. Pursuant to S.D. Const., Art. XII, § 6, the state investment officer shall determine the
market value of the education enhancement trust fund as of December 31, 2003, and each calendar
year thereafter less the investment expenses transferred pursuant to § 4-5-30. The state investment
officer shall calculate an amount equal to four percent of that market value, without invading
principal, as eligible for distribution. For the purpose of this section, the term, principal, means the
sum of all contributions to the fund. Beginning with the distribution in fiscal year 2008, the market
value shall be determined by adding the market value of the trust fund at the end of the sixteen most
recent calendar quarters as of December thirty-first, and dividing the sum by sixteen. Upon notice
of that amount by the state investment officer, the state treasurer shall transfer the amount from the
education enhancement trust fund to the state general fund as soon as practicable after July first of
the next fiscal year.