SD HB1130

Amends South Dakota statute § 13-16-6 to specify permissible expenditures from school district capital outlay funds, including real property acquisition, facility construction/remodeling, equipment purchases, and lease-purchase payments with terms up to 20 years

Allows capital outlay funds to cover property insurance premiums, up to 15% of transportation contract costs or mileage reimbursements, capital asset warranties (excluding supplies), textbooks, and instructional software

Permits purchases under $1,000 to be paid from the general fund instead of capital outlay fund

Limits total unpaid principal balances on installment contracts, lease-purchases, and capital outlay certificates to 3% of taxable valuation

Authorizes school boards to transfer up to 45% of current fiscal year tax revenues deposited in the capital outlay fund to the general fund