This bill mandates the transfer of $60,000 from the South Dakota-bred racing fund to the special racing revolving fund, as directed by the state treasurer. The purpose of this transfer is to support the special racing revolving fund, which is likely intended for specific racing-related initiatives or expenses.
The bill specifies that the transfer will take effect on June 30, 2025, allowing for a planned allocation of funds within the state's racing financial framework. This action reflects the state's ongoing commitment to managing and supporting its racing industry through the reallocation of existing resources.