This bill appropriates $101 from the general fund for the economic development prosperity of South Dakota. It outlines that the state will approve vouchers and the state auditor will draw warrants to pay for expenditures authorized by the Act. Additionally, any amounts appropriated that are not lawfully expended or obligated will revert according to the procedures in chapter 4-8.
The Act is set to take effect on June 30, 2026. This legislation aims to support economic development initiatives within the state, ensuring that funds are properly managed and accounted for.