Bill > SB102

This bill modifies how gaming revenues are distributed in South Dakota by changing how funds from the South Dakota Gaming Commission fund are allocated. Specifically, it alters the distribution of "net municipal proceeds," which are the funds remaining after certain expenses and transfers are made. The bill removes a previous provision that directed these net municipal proceeds to the City of Deadwood for its historic restoration and preservation fund and instead directs them in accordance with a new section. The amended section 42-7B-48.1 outlines a new distribution plan for these remaining funds: twenty-five percent will go to the state general fund, three and three-tenths percent will be distributed to municipalities in Lawrence County (excluding Deadwood) based on population, seven-tenths percent will go to school districts in Lawrence County that do not receive state aid for general education, and seventy-one percent will be given to the City of Deadwood for its historic restoration and preservation fund.

Budget and Finance, Business and Industry

https://sdlegislature.gov/#/Session/Bill/26841