South Dakota Codified Laws
Chapter 08A - Interim Transfers And Appropriations
Section 4-8A-16 - Submission of independent projections by Bureau of Finance and Management and Legislative Research Council--Proposals for eliminating shortfall.

4-8A-16. Submission of independent projections by Bureau of Finance and Management and Legislative Research Council--Proposals for eliminating shortfall.
The Bureau of Finance and Management and the Legislative Research Council shall prepare and submit, no later than July thirtieth of each year, independent projections that conform with the provisions of subdivisions 4-7-10(2) and (5) to the Governor or the Governor's designee and the committee created by this chapter. Notwithstanding the provisions of subdivisions 4-7-10(2) and (5), the projections shall contain information of actual revenue for each of the two fiscal years last concluded and the estimated revenue of the current fiscal year.
If either of the estimates provided in this section project a budget shortfall in excess of two and one-half percent of the general fund appropriated budget in the current fiscal year, the Bureau of Finance and Management and the Legislative Research Council shall propose measures to the Governor and the special committee created in chapter 4-8A for eliminating the shortfall. If either of the estimates provided in this section project a budget shortfall in the current or next fiscal year of five percent or greater of the general fund appropriated budget, the Governor shall propose measures to eliminate the shortfall consistent with S.D. Const., Art. 12, §7.

Source: SL 2014, ch 27, §2.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 4 - Public Fiscal Administration

Chapter 08A - Interim Transfers And Appropriations

Section 4-8A-1 - Definition of terms.

Section 4-8A-2 - Special interim committee created--Approval and removal of members.

Section 4-8A-3 - Powers and duties of special committee.

Section 4-8A-4 - Meetings of special committee--Quorum.

Section 4-8A-5 - Classification and coding of general appropriation amounts.

Section 4-8A-6 - Use of general appropriation amounts for specific purposes only--Auditor to issue warrants.

Section 4-8A-7 - Allocation of general appropriations to Bureau of Administration or institutions--Transfer documents--Adjustment of records.

Section 4-8A-8 - Transfers of general appropriations between programs, departments, and bureaus--Record of transfers.

Section 4-8A-9 - Contingency fund requests--Governor's recommendation to special committee.

Section 4-8A-10 - Notice to special committee members of request for contingency funds.

Section 4-8A-11 - Vote of committee required for release of contingency funds--Change in Governor's recommended amount--Transfer of funds.

Section 4-8A-12 - Transfer of contingency funds.

Section 4-8A-14 - Expired on June 30, 2016, pursuant to SL 2009, ch 23, § 3, as amended by SL 2011, ch 27, § 3 .

Section 4-8A-16 - Submission of independent projections by Bureau of Finance and Management and Legislative Research Council--Proposals for eliminating shortfall.

Section 4-8A-17 - Legislative priority pilot program contingency fund created.