The bill amends several sections of South Dakota's law regarding interim transfers and appropriations, specifically within Chapter 4-8A. Key amendments include clarifying the roles and responsibilities of the special committee, which is tasked with releasing funds from general contingency appropriations and reviewing state fiscal policies. The bill also outlines the procedures for transferring appropriations within and between budget units, requiring approvals from agency heads and the special committee for certain transfers. Additionally, it mandates that the Bureau of Finance and Management maintain records of all transfers and provide notifications to the special committee prior to any approvals.

Furthermore, the bill introduces provisions for the Bureau of Finance and Management and the Legislative Research Council to submit independent revenue projections annually. If these projections indicate a budget shortfall exceeding specified thresholds, measures must be proposed to address the shortfall. Notably, Section 4-8A-7 is repealed, streamlining the existing legal framework. Overall, the bill aims to enhance fiscal accountability and oversight in the management of state appropriations.

Statutes affected:
Introduced, 01/30/2025: 4-8A-1, 4-8A-3, 4-8A-5, 4-8A-6, 4-8A-8, 4-8A-9, 4-8A-10, 4-8A-11, 4-8A-12, 4-8A-16, 4-8A-7
Senate Appropriations Engrossed, 02/20/2025: 4-8A-1, 4-8A-3, 4-8A-5, 4-8A-6, 4-8A-8, 4-8A-9, 4-8A-10, 4-8A-11, 4-8A-12, 4-8A-16, 4-8A-7
Enrolled, 03/06/2025: 4-8A-1, 4-8A-3, 4-8A-5, 4-8A-6, 4-8A-8, 4-8A-9, 4-8A-10, 4-8A-11, 4-8A-12, 4-8A-16, 4-8A-7