require cost model reports for certain programs and institutions.

HB 1010 requires certain programs and institutions in South Dakota to submit cost model reports detailing their financial structures and operational expenses. This legislation directly affects organizations that receive state funding or operate under specific regulatory frameworks, mandating transparency in how they allocate resources. The bill establishes a reporting mechanism where these entities must provide detailed financial data to state officials for review and oversight. By standardizing cost reporting requirements, the law aims to improve accountability and ensure public funds are utilized efficiently across covered programs.