An Act to provide a transfer of funds for critical teaching needs scholarships and to declare an emergency.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. On June 30, 2020, the state treasurer shall transfer from the general fund the sum of one million one hundred twenty-five thousand dollars ($1,125,000) to the education enhancement trust postsecondary scholarship grant fund. The earnings attributable to the amount transferred must be used to increase funds available for the issuance of critical teaching needs scholarships, in accordance with chapter 13-55.

Section 2. Whereas, this Act is necessary for the support of the state government and its existing public institutions, an emergency is hereby declared to exist, and this Act shall be in full force and effect from and after its passage and approval.