An Act to authorize the payment of lease rental obligations to the South Dakota Building Authority by the Bureau of Finance and Management, to make an appropriation therefore, and to declare an emergency.

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

Section 1. There is appropriated $53,713,826 from the general fund, to the Bureau of Finance and Management to be transferred to the South Dakota Building Authority public building fund, for the purpose of paying or prepaying lease rental obligations.

Section 2. From the funds transferred to the South Dakota Building Authority public building fund in section 1 of this Act, $36,628,248 must be used to pay or prepay lease rental and associated fees relating to the leases between the South Dakota Building Authority and the State Animal Industry Board for the Animal Disease Research and Diagnostic Laboratory.

Section 3. From the funds transferred to the South Dakota Building Authority public building fund in section 1 of this Act, $15,496,237 must be used to pay or prepay lease rental and associated fees relating to the leases between the South Dakota Building Authority and the Board of Regents for the Precision Agriculture Building.

Section 4. From the funds transferred to the South Dakota Building Authority public building fund in section 1 of this Act, $1,589,341 must be used to pay or prepay lease rental and associated fees relating to the leases between the South Dakota Building Authority and the Department of Game, Fish and Parks for statewide fish hatcheries.

Section 5. The commissioner of the Bureau of Finance and Management shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized in this Act.

Section 6. Any amounts appropriated in this Act not lawfully expended or obligated shall revert in accordance with the procedures described in chapter 4-8.

Section 7. 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.

Section 8. That § 13-13-92 be AMENDED:

13-13-92. The state general fund savings obtained through the state aid to education formula from the difference between the school general fund levy for agriculture property for taxes payable in 2018 pursuant to §§ 13-13-71, 13-13-72, and 13-13-72.1 and the agriculture property levy adopted by legislative action for taxes payable in 2018, shall be directed to the state animal disease research and diagnostic laboratory bond redemption and operations fund. Pursuant to this section, the savings amount dedicated to the state animal disease research and diagnostic laboratory bond redemption and operations fund in fiscal year 2018 shall be one million six hundred fifteen thousand dollars. In fiscal year 2019 and each year thereafter, the savings amount dedicated from the general fund to the state animal disease research and diagnostic laboratory bond redemption and operations fund shall be three million three hundred fifty thousand dollars are in place until July 1, 2040.

Section 9. That 2017 Session Laws, Chapter 43, § 8 be AMENDED:

Section 7 of this Act is repealed on the first day of the fiscal year following a determination by the Animal Industry Board that bonds issued for the State Animal Disease Research and Diagnostic Laboratory are satisfied and paid in full July 1, 2040.