There is created in the state treasury the local government transportation technology transfer special revenue fund. The money in this fund shall be used to assist in providing transportation technology information and services to counties, municipalities, and townships. The local government transportation technology transfer special revenue fund is continuously appropriated to the secretary of transportation to carry out the purpose of the technology transfer service and match federal funding or funding from any other programs. Any funds not lawfully expended or obligated by June thirtieth of each fiscal year for the technology transfer program shall revert to the local government highway and bridge fund.

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Terms Used In South Dakota Codified Laws 32-11-36

  • 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, § 1.