CHAPTER 25

(SB 153)

Money from the railroad trust fund transferred
to the property tax reduction fund.

         ENTITLED, An Act to  transfer certain moneys from the railroad trust fund to the property tax reduction fund and to declare an emergency.

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

     Section  1.  The state treasurer shall transfer thirty eight million dollars ($38,000,000) from the railroad trust fund to the property tax reduction fund.

     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.

     Signed March 7, 2006

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