This bill establishes the South Dakota Ellsworth Development Authority support fund, which will be created in the state treasury and will consist of all contractor's excise tax collections related to projects at the Ellsworth Air Force Base. The fund will be administered by the authority, which is responsible for awarding grants as needed to support the mission and troops stationed at the base. Additionally, the authority is required to report annually to a special committee on the grants awarded, including details such as the recipient, the purpose of the grant, and how it supports the base.

Furthermore, the bill mandates that the excise tax collected from projects on the Ellsworth Air Force Base be deposited into this newly created fund. The funds are continuously appropriated for mitigating the impacts of the base's mission expansion and supporting its operations. Interest accrued on the fund's moneys will remain within the fund, ensuring that resources are available for ongoing support of the base and its initiatives.