CHAPTER 125

(HB 1244)

South Dakota Opportunity Scholarship
fiscal year 2007 appropriation adjusted.

         ENTITLED, An Act to  revise the General Appropriations Act for fiscal year 2007 regarding the South Dakota opportunity scholarships.

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

     Section  1.  That section 14 of chapter 26 of the 2006 Session Laws be amended to read as follows:

BOARD OF REGENTS

    South Dakota Opportunity Scholarships

        Operating Expenses, General Funds, delete "$974,204" and insert "$1,545,680"

Adjust all totals accordingly.

     Section  2.  The chapter 26 of the 2006 Session Laws be amended by adding a NEW SECTION to read as follows:

     Section 29A. The state treasurer shall transfer to the state general fund money from the dakota cement trust fund, the amount identified by notice of the state investment officer pursuant to S.D. Const., Art. XIII, §  21, for the purposes herein indicated:

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    Board of Regents

             South Dakota Opportunity Scholarships    $571,476

     Section  3.  General funds appropriated by this Act which are unspent at the end of fiscal year 2007 shall be carried over to fiscal year 2008.

     Section  4.  This Act is effective June 25, 2007.

     Signed March 2, 2007

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