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HB 1187 allow certain school district transfers.

        
AN ACT

        ENTITLED, An Act to  allow certain school district transfers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That chapter 13-16 be amended by adding thereto a NEW SECTION to read as follows:
     Notwithstanding any other provision of this chapter, if two or more school districts consolidate, for one year after consolidation pursuant to §  13-6-61, the newly formed school district may transfer any money from its general fund to its capital outlay fund. However, any funds transferred pursuant to this section may only be spent for one-time costs related to the consolidation. Any funds transferred to the capital outlay fund, but not lawfully obligated within one year of the date of the consolidation, shall revert to the school district's general fund. The Department of Education and Cultural Affairs shall promulgate rules pursuant to chapter 1-26 to require the necessary information and establish procedures necessary to implement this section.

An Act to allow certain school district transfers.

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I certify that the attached Act originated in the

HOUSE as Bill No. 1187

____________________________
Chief Clerk
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____________________________
Speaker of the House

Attest:

____________________________
Chief Clerk

____________________________
President of the Senate

Attest:

____________________________
Secretary of the Senate

House Bill No. 1187
File No. ____
Chapter No. ______     =========================
Received at this Executive Office this _____ day of _____________ ,

20____ at ____________ M.


By _________________________
for the Governor
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The attached Act is hereby approved this ________ day of ______________ , A.D., 20___

____________________________
Governor
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STATE OF SOUTH DAKOTA,
ss.
Office of the Secretary of State

Filed ____________ , 20___
at _________ o'clock __ M.

____________________________
Secretary of State

By _________________________
Asst. Secretary of State