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

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 The board of finance shall provide for reimbursing the fund from which funds are temporarily withdrawn.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 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 the time frame specified and approved by the state auditor, but not to exceed one year .
     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 funds

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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.   H.J.   62
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