Bill

Bill > HB1108


SD HB1108

Create the McCook Lake contingency fund and to transfer moneys to the fund.


summary

Introduced
01/27/2025
In Committee
01/28/2025
Crossed Over
Passed
Dead
03/31/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act to create the McCook Lake contingency fund and to transfer moneys to the fund.

AI Summary

This bill creates the McCook Lake contingency fund, a special account in the state treasury of South Dakota designed to support environmental and infrastructure improvements for McCook Lake. The fund will be administered by the state treasurer and will be used specifically for grants related to cleaning up and restoring McCook Lake, including replacing pipes for the lake's pumping system and developing flood mitigation plans. To establish the fund, the state treasurer will transfer one dollar from the general fund. The bill specifies that any interest earned on the fund's moneys will remain within the fund, and the fund will become effective on June 30, 2025. While the bill provides for the fund's creation, it does not specify additional funding sources beyond the initial one-dollar transfer, which suggests this might be an initial step in a broader funding strategy for McCook Lake's restoration and protection.

Committee Categories

Agriculture and Natural Resources

Sponsors (9)

Last Action

Committee on Appropriations Deferred to the 41st legislative day, Passed, YEAS 7, NAYS 2. (on 02/24/2025)

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