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State of South Dakota
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SEVENTY-FOURTH
SESSION
LEGISLATIVE ASSEMBLY, 1999 |
| 863C0674 |
HOUSE BILL
NO.
1253
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| Introduced by: Representatives Lucas, Burg, Cerny, and Haley and Senators Dennert and Hutmacher |
FOR AN ACT ENTITLED, An Act to
transfer revenue from the employer's investment in South
Dakota's future fund to the general fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 61-5-24.2 be amended to read as follows:
61-5-24.2. There is hereby created in the state treasury a special revenue fund to be known as the employer's investment in South Dakota's future fund. Such fund shall be used for purposes related to research and economic development for the state. Expenditures from such fund are subject to the provisions of chapters 4-7, 4-8A and 4-8B. At the beginning of each fiscal year, the state treasurer shall transfer any cash balance in excess of one million dollars to the general fund.
750 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.016 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated byoverstrikes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 61-5-24.2 be amended to read as follows:
61-5-24.2. There is hereby created in the state treasury a special revenue fund to be known as the employer's investment in South Dakota's future fund. Such fund shall be used for purposes related to research and economic development for the state. Expenditures from such fund are subject to the provisions of chapters 4-7, 4-8A and 4-8B. At the beginning of each fiscal year, the state treasurer shall transfer any cash balance in excess of one million dollars to the general fund.
Legislative Research Council at a cost of $.016 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by
