The bill amends several sections of South Dakota's law regarding interim transfers and appropriations, specifically within Chapter 4-8A. Key amendments include the clarification of the roles and responsibilities of the special committee, which is tasked with overseeing the release of funds from general contingency appropriations and reviewing state fiscal policies. The bill also establishes that transfers of appropriations between budget units or agencies require approval from the special committee, with specific procedures outlined for notification and record-keeping by the Bureau of Finance and Management.

Additionally, the bill introduces a requirement for the Bureau of Finance and Management and the Legislative Research Council to provide independent revenue projections to the Governor and the special committee by July 30 each year. If these projections indicate a budget shortfall exceeding certain thresholds, measures must be proposed to address the shortfall. Notably, Section 4-8A-7 is repealed, indicating a significant change in the legislative framework governing appropriations.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