The bill amends the existing law regarding the distribution of gaming revenues to municipalities in South Dakota, specifically focusing on the City of Deadwood and Lawrence County. It establishes that disbursements from the gaming commission fund must occur each year and sets a threshold of six million eight hundred thousand dollars in net municipal proceeds to be paid to the City of Deadwood before further distributions are made. After accounting for commission expenses and a specified amount to the historical preservation loan and grant fund, the remaining funds must be allocated according to the new percentages outlined in the bill.

Key changes include the adjustment of distribution percentages: ten percent to the state general fund, ten percent to municipalities in Lawrence County (excluding Deadwood), and ten percent to school districts in Lawrence County based on average daily membership. Notably, the bill also revises the allocation to the City of Deadwood, increasing it to seventy percent for deposit in the historic restoration and preservation fund. These amendments aim to clarify and enhance the distribution process of gaming revenues to support local municipalities and historical preservation efforts.

Statutes affected:
Introduced, 01/30/2025: 42-7B-48.1