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State of South Dakota
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NINETY-FOURTH SESSION LEGISLATIVE ASSEMBLY, 2019 |
| 596B0616 | SENATE BILL NO. 116 |
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Introduced by: Senators Nesiba and Kennedy and Representatives Ring, Healy, Lesmeister,
and Smith (Jamie)
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FOR AN ACT ENTITLED, An Act to provide for the transfer of funds from the future fund to
the education enhancement trust fund for the purpose of funding needs-based grants.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. The state treasurer shall transfer from the employer's investment in South Dakota's future fund, created in § 61-5-29.1, five million dollars to the education enhancement trust fund created pursuant to S.D. Const., Art. XII, § 6 to allow the funds to be invested to fund the needs-based grants as provided in chapter 13-55A.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. The state treasurer shall transfer from the employer's investment in South Dakota's future fund, created in § 61-5-29.1, five million dollars to the education enhancement trust fund created pursuant to S.D. Const., Art. XII, § 6 to allow the funds to be invested to fund the needs-based grants as provided in chapter 13-55A.
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100 copies were printed on recycled paper by the South Dakota Legislative Research Council at a cost of $.167 per page. |
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Insertions into existing statutes are indicated by underscores. Deletions from existing statutes are indicated by |
