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 language surrounding the use of general contingency funds is refined to specify that appropriations may only be used for their intended purposes, with oversight from the Bureau of Finance and Management and the special committee.

Additionally, the bill outlines the procedures for transferring appropriations within budget units and between fund sources, emphasizing the need for written approval from the Bureau of Finance and Management and the special committee for certain transfers. It also mandates that the Bureau of Finance and Management and the Legislative Research Council provide independent revenue projections to the Governor and the special committee, with specific actions required if budget shortfalls exceed certain thresholds. The bill repeals a section related to the allocation of funds to the Board of Regents and the executive branch, streamlining the process for managing 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