FOR AN ACT ENTITLED, An Act to provide for the establishment of a scholarship program for postsecondary technical institute students and to make an appropriation therefor.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
    Section 1. There is hereby established a program to provide scholarships for students at postsecondary technical institutes. The scholarship program shall focus on the development of trained personnel for employment in critical areas and fields and shall be administered by the Department of Labor and Regulation. The Department of Labor and Regulation shall promulgate rules pursuant to chapter 1-26 to implement the scholarship program, including eligibility and award requirements and procedures, areas of critical employment need, reporting requirements, and repayment schedules.
    Section 2. The postsecondary technical institute scholarship fund is hereby established as a separate fund in the state treasury to be administered by the Department of Labor and Regulation. Money in the fund shall be used to implement the scholarship program established pursuant to section 1 of this Act. Money may enter the fund through legislative appropriations, fees, contributions, donations, grants, loans, interest received on money in the fund, and any

other lawful public or private source. Money in the fund shall be appropriated by the Legislature through the normal budget process. Any expenditure from the fund shall be paid on warrants drawn by the state auditor on vouchers approved by the secretary of labor and regulation.
    Section 3. There is hereby appropriated from the general fund the sum of one dollar ($1), or so much thereof as may be necessary, to the postsecondary technical institute scholarship fund established in section 2 of this Act to provide for the implementation of the postsecondary technical institute scholarship program.
    Section 4. The secretary of labor and regulation shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized by this Act.
    Section 5. Any amounts appropriated in this Act not lawfully expended or obligated by June 30, 2013, shall revert in accordance with the procedures prescribed in chapter 4-8.