Section 13-13-76 - Creation of Excess General Fund Oversight Board--Exemption of schooldistrict from state aid reduction. - South Dakota Statutes

13-13-76. Creation of Excess General Fund Oversight Board--Exemption of school district from state aid reduction. There is hereby created the Excess General Fund Oversight Board within the Department of Education. The board shall consist of five members, appointed by the Governor. The Excess General Fund Oversight Board may exempt a school district from the provisions of § 13-13-73.2 if a school district can demonstrate to the Excess General Fund Oversight Board that its general fund balance percentage is the result of special circumstances.

Source: SL 2001, ch 77, § 7; SL 2003, ch 272, § 63.