88^th Legislative Session _ 2013

Committee: House Appropriations

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Wismer
P    Hawley
P    Dryden
P    Bolin
P    Haggar (Don)
P    Carson, Vice-Chair
P    Romkema, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Chair Fred Romkema.

        SB 76: appropriate money to fund the education service agencies.

Presented by:    Senator Ryan Maher (Handouts: 1-3)
Proponents:    Wade Pogany, Associated School Boards of SD
Others:    Melody Schopp, Department of Education

        THE CHAIR DEFERRED SB 76 UNTIL ANOTHER DAY

        SB 237: appropriate funds for deposit into the need-based grant fund, to provide for annual funding of the need-based grant fund with a portion of the funds received from the education enhancement trust fund, and to declare an emergency.

Presented by:    Senator Russell Olson
Proponents:    Dr, Jack Warner, Board of Regents
        Dick Tieszen, Technical Institutes
        Dennis Duncan, University of SD
        Bob Riter, National American University

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MOTION:    AMEND SB 237

237oc

    On page 5, line 15, of the Senate State Affairs Committee engrossed bill, overstrike "in the Board of Regents".

    On page 5, delete line 16, and insert "grants through the Board of Regents pursuant to this chapter to qualified students. All moneys in distributions from the South Dakota need-based".

    On page 5, line 17, after "to" insert "transfer to the general fund and".

    On page 5, line 18, delete everything after "programs" and insert "consistent with the provision of S.D. Const., Art. XII, 6, and section 13 of this Act. Any interest earned shall".

    On page 5, line 19, overstrike "be credited to the fund.".

    On page 6, line 10, delete everything after "." and insert "Beginning in fiscal year 2015, the portion of the transfer to the general fund for the need-based matching program, shall be calculated by the state investment officer based on the relative share of the contributions made to the need-based grant fund to the most recently calculated total fair value of the education enhancement fund including the contribution. The calculation shall be updated monthly to reflect any additional contributions to the education enhancement trust fund and the portion of the transfer to the general fund for the need-based matching program shall be based on the average of the monthly calculation.

    Section 14. For fiscal year 2014, two hundred thousand dollars ($200,000) of the education enhancement trust fund distribution shall be transferred to the need-based matching program.".

    On page 6, delete lines 11 to 14, inclusive.

Moved by:    Dryden
Second by:    Carson
Action:    Prevailed by voice vote.

        THE CHAIR DEFERRED SB 237 UNTIL TO ANOTHER DAY

MOTION:    ADJOURN

Moved by:    Carson
Second by:    Bolin
Action:    Prevailed by voice vote.

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Diana Melvin

Committee Secretary

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