FOR AN ACT ENTITLED, An Act to  revise the time and process by which investment income is transferred to the general fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That chapter 4-5 be amended by adding thereto a NEW SECTION to read as follows:

     Notwithstanding the provisions of §  4-5-30, on or about June first of each fiscal year the state investment officer shall estimate the proration due to the general fund for the next fiscal year. No later than June fifteenth of that fiscal year, the state investment officer shall credit the general fund with an amount equal to eighty percent of the estimated proration due to the general fund for the next fiscal year. At such time that the actual proration to the general fund is determined, the state investment officer shall credit or debit the remaining proration due to the general fund.

---

350 copies of this document were printed by the South Dakota Legislative Research Council at a cost of $.027 per page.

.

Insertions into existing statutes are indicated by underscores. Deletions from existing statutes are indicated by overstrikes.

---