The law moves $8,212,497 from South Dakota’s unclaimed-property trust fund to pay for replacing the Richmond Lake dam and spillway.
South Dakota transfers $8,212,497 from its unclaimed-property trust fund to replace the Richmond Lake dam and spillway.
The state treasurer transfers $8,212,497 from the unclaimed-property trust fund to the general fund, which provides that amount to the Office of the Commissioner of School and Public Lands for the replacement. The money is for replacing the Richmond Lake dam and spillway through the Office of the Commissioner of School and Public Lands. The commissioner must approve vouchers, and the state auditor must issue payment warrants for authorized expenses. Any amount not lawfully spent or committed returns under state law. The law took effect upon passage and approval under its emergency clause.
No hearings or votes scheduled.