Prior to the apportionment required by § 32-11-35, the secretary of revenue shall apportion one–half of one percent of the local government highway and bridge fund per fiscal year to the local government transportation technology transfer special revenue fund created in § 32-11-36. The remaining money in the local government highway and bridge fund shall be apportioned pursuant to § 32-11-35. The secretary of revenue shall apportion funds to the local government transportation technology transfer special revenue fund at the same time and in the same manner as specified in § 32-11-35.

Terms Used In South Dakota Codified Laws 32-11-37

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

Source: SL 1991, ch 251, § 2; SL 2001, ch 170, § 1.

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