|
State of South Dakota
|
|
SEVENTY-SECOND
SESSION
LEGISLATIVE ASSEMBLY, 1997 |
| 445A0280 |
SENATE ENGROSSED
NO.
HB1009
-
1/30/97
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| Introduced by: Representatives Munson (Donald), Chicoine and Senators Johnson (William), Morford-Burg at the request of the Interim Government Operations and Audit Committee |
FOR AN ACT ENTITLED, An Act
to allow the state auditor to temporarily draw on money
between state funds in anticipation of revenue.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: Section 1. That § 4-8-14 be amended to read as follows:
4-8-14.
Whenever
If
moneys
shall
for the state
have been actually provided for
any funds
of the state
by levy of taxes, sale of bonds or warrants, or otherwise, and
such
the
moneys
shall
not
have
not
been
actually
collected
and covered
into the state treasury, but
concerning
the
receipt of
which
the
moneys
there can be no question
is reasonably certain
, the state
board of
finance is authorized, by a majority vote to
auditor may
anticipate the receipt of
such
the
moneys into
such
the
fund by drawing temporarily upon the moneys in any other fund of the
state for which there
shall not be
is not an
immediate use.
Section 2. That § 4-8-14.1 be amended to read as follows:
4-8-14.1. Notwithstanding any other provision of law,
the state board of finance may
authorize
the state auditor
to
may
issue warrants on
such
any
money
as is
actually provided for
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA: Section 1. That § 4-8-14 be amended to read as follows:
4-8-14.
Section 2. That § 4-8-14.1 be amended to read as follows:
4-8-14.1. Notwithstanding any other provision of law,
pursuant to
§
4-8-14 in an amount not to exceed the amount of revenues anticipated.
Section
3.
That
§
4-8-15
be amended to read as follows:
4-8-15.
Any fund temporarily depleted by virtue of
§
4-8-14 shall be fully restored within
six months after a draft of same for another fund shall have been made. The board of finance
shall provide for reimbursing the fund from which funds are temporarily withdrawn
the time
frame specified and approved by the state auditor, but not to exceed one year
.
The books of the state treasurer shall at all times show the true amount of moneys in any
particular fund, as well as any temporary withdrawal therefrom.
Section 4. That chapter 4-8 be amended by adding thereto a NEW SECTION to read as follows:
Section 4. That chapter 4-8 be amended by adding thereto a NEW SECTION to read as follows:
The state auditor shall promulgate rules pursuant to chapter 1-26 for authorizing,
monitoring, and controlling the temporary draw of money between state fund
BILL HISTORY
January 14 - First read in House and referred to State Affairs. H.J. 24
January 17 - Scheduled for hearing.
January 17 - Passed as amended, AYES 13, NAYS 0.
January 22 - Second reading House. H.J. 82
January 22 - Passed as amended, AYES 68, NAYS 1. H.J. 82
January 23 - First read in Senate and referred to State Affairs. S.J. 150
January 27 - Scheduled for hearing.
January 27 - Passed as amended, AYES 9, NAYS 0. S.J. 168
January 29 - Second reading Senate. S.J. 228
January 29 - Passed as amended, AYES 34, NAYS 0. S.J. 228
BILL HISTORY
January 14 - First read in House and referred to State Affairs. H.J. 24
January 17 - Scheduled for hearing.
January 17 - Passed as amended, AYES 13, NAYS 0.
January 22 - Second reading House. H.J. 82
January 22 - Passed as amended, AYES 68, NAYS 1. H.J. 82
January 23 - First read in Senate and referred to State Affairs. S.J. 150
January 27 - Scheduled for hearing.
January 27 - Passed as amended, AYES 9, NAYS 0. S.J. 168
January 29 - Second reading Senate. S.J. 228
January 29 - Passed as amended, AYES 34, NAYS 0. S.J. 228
