establish a minimum combined balance of the budget reserve fund and general revenue replacement fund.
HB 1036 establishes a minimum combined balance requirement for South Dakota's budget reserve fund and general revenue replacement fund. This provision directly affects state financial management by setting a floor for how much money must remain in these two specific funds. The bill ensures that the total balance between these funds cannot fall below a specified threshold, providing a financial safety net for the state. By mandating this minimum balance, the legislation aims to maintain fiscal stability without dictating specific spending or revenue policies.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Jan 14, 2025
Signed Mar 31, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Introduced
→
Enrolled
·
3 edits
·
Mar 5, 2025
MINOR
This bill replaced a browser compatibility notice with the full text of an enrolled legislative act establishing a minimum combined balance requirement for South Dakota's budget reserve fund and general revenue replacement fund. The bill mandates that if the combined balance falls below 10% of the next fiscal year's general fund appropriations, the Legislature must transfer one-third of the shortfall over three years from the general fund to the budget reserve fund.
Scope change
The document changed from a browser error page to a complete enrolled legislative bill, expanding from no policy content to full statutory requirements for state budget reserves.
REQUIREMENT
New statutory requirement establishing a 10% minimum combined balance threshold for the budget reserve fund and general revenue replacement fund relative to general fund appropriations.
Mandatory transfer provision requiring the Legislature to move one-third of any shortfall over three fiscal years from the general fund to the budget reserve fund when the 10% threshold is not met.
TECHNICAL
Removed browser compatibility warnings and navigation elements, replacing them with the complete enrolled bill text including certification signatures and filing information.
Floor votes · Senate Mar 4, 2025 · House Feb 24, 2025
How they voted
31–4
Passed
Total votes 35
Mar 4, 2025
D
Democratic3
66% Yea
R
Republican32
90% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
16
Key actions
7
Committee
3
Mar 31, 2025
Signed into law
Signed by the Governor on 2025-03-31 H.J. 554
executive
Mar 6, 2025
Lower · Passed
Signed by the President S.J. 474
lower
Mar 5, 2025
Lower · Passed
Signed by the Speaker H.J. 470
lower
Mar 4, 2025
Lower · Passed
Senate Do Pass , Passed, YEAS 31, NAYS 4 S.J. 436
lower
Mar 3, 2025
Lower · Passed
Committee on Appropriations Do Pass , Passed, YEAS 9, NAYS 0
lower
Feb 26, 2025
Committee
Referred to S.J. 395
lower
Feb 24, 2025
Lower · Passed
House of Representatives Do Pass , Passed, YEAS 53, NAYS 17 H.J. 375
lower
Feb 21, 2025
Lower · Passed
Committee on Appropriations Do Pass , Passed, YEAS 8, NAYS 0
lower
Jan 14, 2025
Introduced
First read in House and referred to H.J. 11
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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