HB 1130 — amend permissible uses of a school district's capital outlay fund.

26.706.926.706.10 101st Legislative Session 1130 South Dakota Legislature House Bill 1130 IntroducedENROLLED by:AN ACT ENTITLED An Act to amend permissible uses of a school district's capital outlay fund.

RepresentativeB PetersonE (Drew)IT AnENACTED ActBY toTHE amendLEGISLATURE permissibleOF usesTHE ofS aTATE schoolOF district'sS capitalOUTH outlayD fund.AKOTA :

B E IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH D AKOTA :

The capitalboard outlay fund of thea school district ismay aexpend fundmoneys providedfrom by law to meet expenditures which result in the acquisitioncapital oroutlay leasefund offor: or additions to real property, plant, or equipment.

Such an expenditure shall be for land, existing facilities, improvement of grounds, construction of facilities, additions to facilities, remodeling of facilities, or for the purchase or lease of equipment.

It may also be used forThe board of a school district may expend moneys from the capital outlay fund for:

(3) Any installment or lease-purchase payments for the made to purchase of any real property, plant, or equipment,equipment which have that has a contracted terminal date not exceeding twenty years from the date of the installment contract or lease-purchaselease-purchase; and for the;

(4) The payment ofof: the:

Overstrikes(5) indicateThe deletedpurchase language.of:

26.706.9 2 1130 (5) The purchase of:

or 26.706.10 2 1130 (7) The purchase or lease of equipment.

Any purchase of that does not exceed one thousand dollars or less may be paid out of the general fund.

The total accumulated unpaid principal balances of such an installment contracts contract and lease-purchase, and the outstanding principal amounts of such any capital outlay certificates, may not exceed three percent of the taxable valuation.

AThe schoolboard districtof whicha contractsschool itsdistrict student transportation may expendtransfer from theits capital outlay fund to its general fund an amount not to exceed fifteenforty-five percent of the contracttotal amount.tax revenues deposited in that fund during the current school fiscal year.

InHB1130 addition,ENROLLED a26.706.10 school3 district1130 whichAn reimbursesAct forto mileageamend insteadpermissible uses of providinga transportationschool pursuantdistrict's to § 13-30-3, may use the capital outlay fundfund. to pay for fifteen percent of its mileage reimbursement costs.

TheReceived capitalat outlaythis fundExecutive mayOffice beI usedcertify tothat purchasethe textbooksattached andAct tooriginated purchasein orthis renew_____ instructionalday software.of _____________, the:

Theat capital____________M. outlay fund may be used to purchase warranties on capital assets if the warranties do not include supplies.

AHouse Theas boardBill ofNo. a school district may transfer from its capital outlay fund to its general fund an amount not to exceed forty-five percent of the total tax revenues deposited in that fund during the current school fiscal year.

Overstrikes1130 indicateBy deletedChief language.Clerk of the House for the Governor The attached Act is hereby approved this ________ day of Speaker of the House ______________, A.D., 2026 Attest:

Governor Chief Clerk of the House STATE OF SOUTH DAKOTA, ss.

Office of the Secretary of State President of the Senate Filed ____________, 2026 Attest:

at _________ o'clock __M.

Secretary of the Senate Secretary of State House Bill No.

1130 By File No.

____ Asst.

Secretary of State Chapter No.

______ HB1130 ENROLLED