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 terms such as "agency," "budget unit," and "general appropriation bill," as well as the roles and responsibilities of the special committee that oversees the release of funds from general contingency funds. The bill stipulates that transfers of appropriations can only occur with the approval of agency heads and the Bureau of Finance and Management, and it outlines the procedures for such transfers, including the requirement for public notice and detailed explanations for transfers.

Additionally, the bill emphasizes the need for the Bureau of Finance and Management and the Legislative Research Council to provide independent revenue projections and outlines the steps to be taken in the event of budget shortfalls. Notably, Section 4-8A-7 is repealed, indicating a significant change in the legislative framework governing appropriations. Overall, the bill aims to enhance fiscal accountability and transparency in the management of state funds.

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