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 of the base and its troops. Additionally, the authority is required to report annually to a designated special committee, detailing the recipients of grants, the purposes of those grants, and how they will benefit the Ellsworth Air Force 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 amounts up to one hundred dollars to mitigate the impacts of the base's expanding mission and to support 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.