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 bill also modifies the language surrounding the general appropriation act, changing it to "general appropriation bill" throughout the text, and emphasizes that appropriations must be used only for their specified purposes.

Additionally, the bill introduces new 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 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 that previously governed 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