This bill transfers management of South Dakota's small business credit initiative fund from the Governor's Office to the Board of Economic Development. The bill also updates the federal regulations referenced in the law to reflect current standards for how administrative costs can be paid from the fund. These changes modernize the program's oversight while keeping its core purpose of providing loans for economic development intact.
Committee on Appropriations Tabled Passed, YEAS 7, NAYS 0.
Committee on Appropriations Scheduled for hearing H.J. 1
First read in House and referred to House Committee on Appropriations H.J. 465
Senate Do Pass Passed, YEAS 35, NAYS 0. S.J. 330
Commerce and Energy Certified uncontested, placed on consent YEAS 9, NAYS 0.
Commerce and Energy Do Pass Passed, YEAS 9, NAYS 0.
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 150
Committee on Appropriations — Tabled
Commerce and Energy — Do Pass
Commerce and Energy — Certified uncontested, placed on consent