ENTITLED An Act to establish reporting requirements for future fund awards or grants and to make technical changes.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That 61-5-29.1 be AMENDED:
61-5-29.1. There is hereby created in the state treasury a special revenue fund to be known as the employer's investment in South Dakota's future fund. Moneys in the fund must be used for purposes related to research and economic development for the state.
Section 2. That a NEW SECTION be added to chapter 61-5:
The Governor's Office of Economic Development shall report to either the Joint Committee on Appropriations or the Interim Committee on Appropriations on a biannual basis the following for each award or grant made from the fund:
(1) The name of the recipient and the amount of the award or grant;
(2) The location of the recipient;
(3) The research or economic development purpose being funded;
(4) The measures being used to determine the economic impact of the award or grant; and
(5) The number of jobs created or retained, if any.
An Act to establish reporting requirements for future fund awards or grants and to make technical changes.
I certify that the attached Act originated in the:
Secretary of the Senate
President of the Senate
Attest:
Secretary of the Senate
Speaker of the House
Attest:
Chief Clerk
File No. ____ Chapter No. ______
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Received at this Executive Office this _____ day of _____________,
2024 at ____________M.
By for the Governor
The attached Act is hereby approved this ________ day of ______________, A.D., 2024
ss. Office of the Secretary of State
Filed ____________, 2024 at _________ o'clock __M.
Secretary of State
By Asst. Secretary of State
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