AN ACT
ENTITLED, An Act to establish for the Board of Regents and its institutions a fund for the receipt
and disbursement of federal grants and contracts and a fund for the receipt and disbursement of
other grants and contracts and to make an appropriation therefor.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That the code be amended by adding a NEW SECTION to read:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That the code be amended by adding a NEW SECTION to read:
There is hereby established in the state treasury the federal grants and contracts fund. The Board
of Regents and its institutions may accept and shall deposit into the fund any money received from
grants, contracts, or cooperative agreements with federal government agencies. Any money in the
fund is continuously appropriated to the Board of Regents and its institutions. The Board of Regents
and its institutions may expend money in the fund for expenditures related to federal grants and
contracts. Interest earned on money in the fund shall be deposited into the fund. Unexpended money
and any interest that may be credited to the fund shall remain in the fund. Any money deposited into
and distributed from the fund shall be set forth in an informational budget as described in § 4-7-7.2.
Section 2. That the code be amended by adding a NEW SECTION to read:
Section 2. That the code be amended by adding a NEW SECTION to read:
There is hereby established in the state treasury the other grants and contracts fund. The Board
of Regents and its institutions may accept and shall deposit into the fund any money received from
grants, contracts, or cooperative agreements with entities other than the federal government. Any
money in the fund is continuously appropriated to the Board of Regents and its institutions. The
Board of Regents and its institutions may expend money in the fund for expenditures related to other
grants and contracts. Interest earned on money in the fund shall be deposited into the fund.
Unexpended money and any interest that may be credited to the fund shall remain in the fund. Any
money deposited into and distributed from the fund shall be set forth in an informational budget as
described in § 4-7-7.2.
An Act to establish for the Board of Regents and its institutions a fund for the receipt and disbursement of federal grants and contracts and a fund for the receipt and disbursement of other grants and contracts and to make an appropriation therefor.
An Act to establish for the Board of Regents and its institutions a fund for the receipt and disbursement of federal grants and contracts and a fund for the receipt and disbursement of other grants and contracts and to make an appropriation therefor.
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I certify that the attached Act originated in the
SENATE as Bill No. 19
____________________________
Secretary of the Senate ____________________________
President of the Senate
Attest:
____________________________
Secretary of the Senate
____________________________
Attest:
____________________________
Chief Clerk
Senate Bill No. 19 File No. ____ Chapter No. ______ |
Received at this Executive Office this _____ day of _____________ ,
20____ at ____________ M.
By _________________________
for the Governor
The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________
Governor STATE OF SOUTH DAKOTA, ss.
Office of the Secretary of State
Filed ____________ , 20___
____________________________ Secretary of State
By _________________________ |
