Establishes two new funds in South Dakota to increase teacher salaries and community-based provider rates.

This bill creates two new funds in South Dakota: the target teacher salary supplement fund and the community-based providers methodology supplement fund. The Department of Education will administer the teacher salary fund to increase salaries, while the Department of Human Services will manage the community-based provider fund to increase rates. The bill also specifies how unobligated cash balances will be transferred to these funds and other related funds. Interest earned on these funds must remain within them, and expenditures require budgeting through the general appropriation bill.

Establishes two new funds in South Dakota to increase teacher salaries and community-based provider rates.

This bill creates two new funds in South Dakota: the target teacher salary supplement fund and the community-based providers methodology supplement fund. The Department of Education will administer the teacher salary fund to increase salaries, while the Department of Human Services will manage the community-based provider fund to increase rates. The bill also specifies how unobligated cash balances will be transferred to these funds and other related funds. Interest earned on these funds must remain within them, and expenditures require budgeting through the general appropriation bill.