An Act to authorize the transfer of wind energy tax revenue from a school district general fund.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That § 13-16-26.2 be AMENDED.

13-16-26.2. Transfers from general fund--Prohibited--Exceptions.

Notwithstanding the provisions of § 13-16-26, no school district may transfer any funds, exclusive of federal funds and wind energy tax revenue that is defined in § 13-13-10.1 and apportioned pursuant to § 10-35-21, from the general fund to the capital outlay fund, bond redemption fund or the capital projects fund.