This bill appropriates $101 from the general fund for the development 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 unspent or unobligated amounts appropriated will revert according to the procedures established in chapter 4-8.
The Act is set to take effect on June 30, 2026. This legislation aims to ensure that funds are properly managed and utilized for the intended purpose of state development.