CHAPTER 8

(HB 1197)

Money transferred out of the budget reserve fund to the general fund.

         ENTITLED, An Act to  appropriate money from the property tax reduction fund to the general fund, to provide for the transfer of certain money to the general fund, and to declare an emergency.

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

     Section  1.  There is hereby appropriated the sum of six million six hundred forty-one thousand seven hundred dollars ($6,641,700) from the property tax reduction fund established by §  10-13-44 to the general fund and six million six hundred forty-one thousand seven hundred dollars ($6,641,700) from the budget reserve fund established by §  4-7-31 to the general fund.

     Section  2.  The state treasurer shall transfer to the state general fund five hundred thousand dollars ($500,000) from the children's trust fund.

     Section  3.  The state treasurer shall transfer to the state general fund one million two hundred seventy-four thousand dollars ($1,274,000) from general fund carryover amounts within the budget of the South Dakota public broadcasting.

     Section  4.  The state treasurer shall transfer to the state general fund three million dollars ($3,000,000) from general fund carryover amounts in the Department of Education and Cultural Affairs.

     Section  5.  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.

     Signed February 27, 2002.

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