Amends permissible uses of a school district's capital outlay fund in South Dakota.

South Dakota HB1130 amends the permissible uses of a school district's capital outlay fund. It allows the fund to be used for installment or lease-purchase payments for real property, plant, or equipment. The fund can also be used for the principal and interest on capital outlay certificates, property insurance premiums, and up to 15% of transportation contracts or mileage reimbursement costs. Additionally, it permits the purchase of warranties on capital assets, textbooks, instructional software, and equipment.

Amends permissible uses of a school district's capital outlay fund in South Dakota.

South Dakota HB1130 amends the permissible uses of a school district's capital outlay fund. It allows the fund to be used for installment or lease-purchase payments for real property, plant, or equipment. The fund can also be used for the principal and interest on capital outlay certificates, property insurance premiums, and up to 15% of transportation contracts or mileage reimbursement costs. Additionally, it permits the purchase of warranties on capital assets, textbooks, instructional software, and equipment.