<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 13-16-26.2 - Transfers from general fund--Prohibitions--Exceptions.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sc9864e9d5cbd4170aa0d4d3bfbff17f5Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc9864e9d5cbd4170aa0d4d3bfbff17f5SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc9864e9d5cbd4170aa0d4d3bfbff17f5CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sc9864e9d5cbd4170aa0d4d3bfbff17f5Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; 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padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 13-16-26.2 - Transfers from general fund--Prohibitions--Exceptions."><meta property="og:description" content="SDLRC Codified Law 13-16-26.2 - Transfers from general fund--Prohibitions--Exceptions."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/13-16-26.2"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5Normal"><a href="https://sdlegislature.gov/Statutes?Statute=13-16-26.2" rel="noopener"><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5SENU">13-16-26.2</span></a><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5SENU">. </span><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5CL">Transfers from general fund--Prohibitions--Exceptions.</span></p><p dir="ltr" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5Statute"><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">Notwithstanding § </span><a href="https://sdlegislature.gov/Statutes?Statute=13-16-26" rel="noopener"><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">13-16-26</span></a><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">, no school district may transfer any funds, exclusive of federal funds and wind energy tax revenue that is defined in § </span><a href="https://sdlegislature.gov/Statutes?Statute=13-13-10.1" rel="noopener"><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">13-13-10.1</span></a><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont"> and apportioned pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=10-35-21" rel="noopener"><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">10-35-21</span></a><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">, from the general fund to the capital outlay fund, bond redemption fund, or the capital projects fund.</span></p><p dir="ltr" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5Statute"><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">The authority provided by this section for the transfer of wind energy tax revenue is conditioned annually upon the district obtaining, from the Department of Education, verification that the school district is in compliance with §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=13-13-73.6" rel="noopener"><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">13-13-73.6</span></a><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes?Statute=13-13-73.8" rel="noopener"><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">13-13-73.8</span></a><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">.</span></p><p dir="ltr" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5Statute"><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">The transfer of wind energy tax revenue must be made within the ten-year timeframe identified in § </span><a href="https://sdlegislature.gov/Statutes?Statute=13-13-10.1" rel="noopener"><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">13-13-10.1</span></a><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont"> for each new wind farm. The maximum amount a school district may transfer on an annual basis is the amount of wind energy tax revenue that is able to be retained by the district and not counted as local effort.</span></p><p dir="ltr" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5Statute"><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">Notwithstanding § </span><a href="https://sdlegislature.gov/Statutes?Statute=13-16-6" rel="noopener"><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">13-16-6</span></a><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont">, wind energy tax revenue transferred to the capital outlay fund under the authority of this section must remain separately identified and may not thereafter be returned to the general fund.</span></p><p dir="ltr" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5Normal"><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5000000"> </span></p><p dir="ltr" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5NoIndent"><span xml:space="preserve" class="sc9864e9d5cbd4170aa0d4d3bfbff17f5DefaultParagraphFont-000001">Source: </span><span class="sc9864e9d5cbd4170aa0d4d3bfbff17f5SCL">SL 2000, ch 77, § 1; SL 2001, ch 77, § 6; SL 2021, ch 74, § 2; SL 2024, ch 53, § 6.</span></p></div></body></html>