The bill amends several sections of South Dakota's law regarding interim transfers and appropriations, primarily updating terminology and clarifying the roles of various entities involved in the budgetary process. Key insertions include definitions for "Agency," "Budget unit," and "Fund source," which establish a clearer framework for understanding the structure of state government and its financial operations. The term "General appropriation act" is replaced with "General appropriation bill," and the bill also modifies the language surrounding the use of general contingency funds, emphasizing that appropriations must be used only for their specified purposes and detailing the approval process for transfers between budget units.

Additionally, the bill outlines the procedures for transferring appropriations within and between budget units, requiring written approval from the Bureau of Finance and Management and the special committee for certain transfers. It mandates that the Bureau of Finance and Management keep records of all approvals for public inspection and establishes a process for the Governor to notify the special committee regarding the release of general contingency funds. The bill also repeals a section that previously governed the allocation of funds to the Board of Regents and the executive branch, streamlining the process for managing appropriations. Overall, the amendments aim to enhance transparency and accountability in the state's financial management.

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