State of South Dakota  
EIGHTY-SECOND SESSION
LEGISLATIVE ASSEMBLY,  2007
 

654N0075  
HOUSE BILL   NO.     1128  

Introduced by:     Representatives Brunner, Kirkeby, Lucas, Novstrup (Al), and Rounds and Senators Gant, Bartling, Garnos, Gray, and Peterson (Jim)  


         FOR AN ACT ENTITLED, An Act to  revise the provisions concerning the accumulation of funds by counties for capital outlay purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That § 7-21-51 be amended to read as follows:
     7-21-51.   A board of county commissioners may, by resolution, authorize the accumulation of funds for a period longer than one year for a capital outlay purposes which are purpose which is otherwise authorized by law. For the purpose of the this section, " the term, capital outlay purposes" are those purposes which are purpose, includes any purpose which is extraordinary in nature, exceeding exceeds the funding ability of a single-budget year , and which may result in the purchase of services, materials, supplies, or equipment. The resolution shall be is enacted if approved by a vote of sixty percent or more of the governing body and shall clearly set forth the purposes for which the funds are to be accumulated and the maximum amount that may be accumulated. The funds to be accumulated shall be expended within sixty eighty-four months from the date of the resolution. If the specific purpose for which such the funds are accumulated is no longer necessary, such the funds shall revert to the fund from which they the funds were

originally appropriated. The amount of accumulation for a specific purpose may never not exceed five hundred thousand million dollars. These funds shall be The accumulation of funds pursuant to this chapter is in addition to those any accumulation of funds authorized by § 7-21- 18.1.