South Dakota § 4-8-25 Retention of appropriation balance to pay outstanding liabilities of terminated budget unit--Reversion to general fund after one year.

South Dakota Statutes

§ 4-8-25 — Retention of appropriation balance to pay outstanding liabilities of terminated budget unit--Reversion to general fund after one year.

South Dakota § 4-8-25

Title 4PUBLIC FISCAL ADMINISTRATION

Ch. 4-7AAUTHORITY FOR STATE EXPENDITURES

This text of South Dakota § 4-8-25 (Retention of appropriation balance to pay outstanding liabilities of terminated budget unit--Reversion to general fund after one year.) 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 § 4-8-25 (2026).

Text

Whenever, by an act of the Legislature or by directive of any state department or institution, a budget unit, as defined by subdivision 4-7-1(9), becomes nonexistent, the commissioner of the Bureau of Finance and Management shall retain sufficient unexpended appropriation balance to pay all liabilities outstanding at the time the agency becomes nonexistent. At the end of one year, any unexpended balances shall lapse and cease to be available, and shall revert to the general fund if no other fund was designated.

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Whenever, by an act of the Legislature or by directive of any state department or institution, a budget unit, as defined by subdivision 4-7-1(9), becomes nonexistent, the commissioner of the Bureau of Finance and Management shall retain sufficient unexpended appropriation balance to pay all liabilities outstanding at the time the agency becomes nonexistent. At the end of one year, any unexpended balances shall lapse and cease to be available, and shall revert to the general fund if no other fund was designated.