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SD HB1310
Bill
Status
Introduced
2/4/2026
Primary Sponsor
John Shubeck
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AI Summary
- Appropriates $10,000,000 from the revolving economic development and initiative fund to the Governor's Office of Economic Development for loans to assist with the startup or expansion of custom exempt plants or slaughtering establishments in South Dakota, as defined in § 39-5-6
- Caps individual loans at $1,000,000 per custom exempt plant or slaughtering establishment
- Requires that loans provided under the program be subordinate to any other loans received by the plant or establishment for the same purpose
- Grants the commissioner of the Governor's Office of Economic Development authority to approve vouchers, with the state auditor drawing warrants to pay authorized expenditures
- Effective June 30, 2026, with any unexpended or unobligated funds reverting per the procedures in chapter 4-8
Legislative Description
Make an appropriation for providing loans to custom exempt plants and slaughtering establishments.
Appropriation
Last Action
Withdrawn at the Request of the Prime Sponsor H.J. 278
2/10/2026
Committee Referrals
Agriculture and Natural Resources2/5/2026
Full Bill Text
No bill text available