SD SB210

School districts would retain 100% of wind energy tax revenue from wind farms, eliminating the current phase-out schedule that reduces retention from 100% in years 1-5 down to 0% after year 9

Removes the distinction between wind farms that began producing power before and after July 1, 2016, applying uniform treatment to all wind farm revenues

School districts may transfer wind energy tax revenue from the general fund to capital outlay, bond redemption, or capital projects funds

Transfer authority requires annual verification from the Department of Education that the district complies with state education funding requirements

Wind energy tax revenue transferred to capital outlay must remain separately identified and cannot be returned to the general fund