The bill proposes an appropriation of $10,000,000 from the revolving economic development and initiative fund to the Governor's Office of Economic Development. This funding is designated for providing loans to assist with the startup or expansion of custom exempt plants and slaughtering establishments in South Dakota, as defined in existing law. The loans will be subject to terms and conditions set by the office, with a cap of $1,000,000 for any single establishment. Additionally, these loans will be subordinate to any other loans the establishments may have for the same purpose.

The bill outlines that the commissioner of the Governor's Office of Economic Development will be responsible for approving vouchers, while the state auditor will handle the payment of authorized expenditures. Any unspent or uncommitted funds from this appropriation will revert according to established procedures. The provisions of this Act are set to take effect on June 30, 2026.