CHAPTER 28

(SB 71)

References to obsolete accounting funds repealed.

         ENTITLED, An Act to  repeal certain statutes and references regarding obsolete accounting funds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

     Section  1.  That § 10-39A-8 be amended to read as follows:

     10-39A-8.   All taxes, interest and penalties imposed and collected by the secretary of revenue and regulation under this chapter shall be distributed as follows:

             (1)      One-half shall be returned to the county in which the energy minerals or mineral products were severed;

             (2)      One-sixth shall be paid into the state treasury and credited to the energy development impact fund;

             (3)      One-third One-half share shall be paid into the state treasury and credited to the general fund.

     Section  2.  That § 10-39A-8.1 be repealed.

     Section  3.  That § 10-39A-8.2 be repealed.

     Section  4.  That § 13-14-12 be repealed.

     Section  5.  That § 13-47-22 be repealed.

     Section  6.  That § 13-47-23 be repealed.

     Section  7.  That § 1-44-7.2 be repealed.

     Section  8.  That § 1-44-7.3 be amended to read as follows:

     1-44-7.3.   The Transportation Commission shall promulgate rules pursuant to chapter 1-26 for administration, terms, and conditions for the disbursements of money to local communities and

to establish criteria for the selection of communities to receive such subsidy from the public transportation assistance fund .

     Section  9.  That § 13-14-7 be repealed.

     Section  10.  That § 13-14-8.1 be repealed.

     Section  11.  That § 13-14-9 be repealed.

     Signed March 3, 2007

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