An Act to make an appropriation to increase workforce housing and to declare an emergency.

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

Section 1. There is hereby appropriated from the general fund the sum of $150,000,000 and appropriated the sum of $50,000,000 in federal fund expenditure authority to the Governor’s Office of Economic Development (GOED) for purposes of increasing housing supply across South Dakota.

Section 2. Funds shall be administered through the Local Infrastructure Improvement Program pursuant to the criteria outlined in § 1-16G-50.

Section 3. GOED’s share of the funding shall not exceed one-third of total project costs, with the remaining portion to be provided by an equal match from a local governmental entity and the project developer.

Section 4. The commissioner of the GOED shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized by this Act.

Section 5. Any amounts appropriated in this Act not lawfully expended or obligated shall revert in accordance with the procedures prescribed in chapter 4-8.

Section 6. Whereas, this Act is necessary for the support of state government and its existing public institutions, an emergency is hereby declared to exist, and this Act shall be in full force and effect from and after its passage and approval.