create the South Dakota school construction fund, provide for the transfer of moneys to the fund, and make an appropriation therefor.

Summary

The bill sets up a South Dakota School Construction Loan Fund that the Department of Education would run. It would offer interest‑free loans that can cover up to 40% of a school’s construction or expansion costs, repaid over 20 years. The fund would start with a $1 transfer from the general fund and would follow specific eligibility and reporting rules.

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