State of South Dakota
The Committee on State Affairs at the request of the Governor
FOR AN ACT ENTITLED, An Act to
revise the time and process by which investment income
is transferred to the general fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
be amended by adding thereto a NEW SECTION to read as
Notwithstanding the provisions of
4-5-30, on or about June first of each fiscal year the
state investment officer shall estimate the proration due to the general fund for the next fiscal
year. No later than June fifteenth of that fiscal year, the state investment officer shall credit the
general fund with an amount equal to eighty percent of the estimated proration due to the general
fund for the next fiscal year. At such time that the actual proration to the general fund is
determined, the state investment officer shall credit or debit the remaining proration due to the
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Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by