South Dakota § 4-7-53 Combined balance--Budget reserve fund and general revenue replacement fund--Minimum balance required--Transfer of general fund moneys.

South Dakota Statutes

§ 4-7-53 — Combined balance--Budget reserve fund and general revenue replacement fund--Minimum balance required--Transfer of general fund moneys.

South Dakota § 4-7-53

Title 4PUBLIC FISCAL ADMINISTRATION

Ch. 4-6PREPARATION AND ADOPTION OF STATE BUDGET

This text of South Dakota § 4-7-53 (Combined balance--Budget reserve fund and general revenue replacement fund--Minimum balance required--Transfer of general fund moneys.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 4-7-53 (2026).

Text

If in any fiscal year the combined balance of the budget reserve fund, established in § 4-7-31 , and the general revenue replacement fund, established in § 4-7-45 , is less than ten percent of the general fund appropriations in the general appropriations act for the succeeding fiscal year, the Legislature, by law, must transfer one-third of the amount below such level over the next three fiscal years from the general fund to the budget reserve fund until the combined balance is ten percent of the general fund appropriations in the general appropriations act for the succeeding fiscal year.

Free access — add to your briefcase to read the full text and ask questions with AI

If in any fiscal year the combined balance of the budget reserve fund, established in § 4-7-31 , and the general revenue replacement fund, established in § 4-7-45 , is less than ten percent of the general fund appropriations in the general appropriations act for the succeeding fiscal year, the Legislature, by law, must transfer one-third of the amount below such level over the next three fiscal years from the general fund to the budget reserve fund until the combined balance is ten percent of the general fund appropriations in the general appropriations act for the succeeding fiscal year.