{"data":{"id":"us-sd/sdcl-61-5-29.7","jurisdiction":"us-sd","citation":"SDCL § 61-5-29.7","heading":"Employer’s investment in South Dakota’s future fund--Promulgation of rules.","body":"The Governor's Office of Economic Development shall promulgate rules, pursuant to chapter 1-26, establishing:\n(1) The process by which an industry is determined to be a key industry for the purposes of subdivision 61-5-29.1(1);\n(2) The process by which an individual or entity applies for an award from the employer's investment in South Dakota's future fund;\n(3) The methods for assessing or estimating the economic impact, including the potential investment-to-impact ratio, that a research project or economic development opportunity will have on the state;\n(4) The contractual provisions that must be included in the agreement signed by the applicant and the Governor's Office of Economic Development, including:\n(a) Performance expectations;\n(b) A schedule for providing performance progress reports to the Governor's Office of Economic Development;\n(c) A conflict-of-interest policy; and\n(d) Other contractual provisions that provide for the general terms and conditions of the agreement;\n(5) The criteria for determining how a research project or economic development opportunity is recommended to the Governor for an award from the fund;\n(6) Any requirements that the individual or entity applying for an award must meet in order to receive the award;\n(7) If the award from the fund exceeds one million dollars, the documentation required to demonstrate proof of payment for all expenditures for which the applicant seeks reimbursement;\n(8) The process by which an award is disbursed; and\n(9) The process by which any moneys awarded from the fund are returned to the fund in the event of a change in the project's circumstances, the applicant's failure to meet the established performance expectations, or the project's failure or relocation outside of the state.","path":["TITLE 61. REEMPLOYMENT ASSISTANCE","CHAPTER 61-5. EMPLOYERS' CONTRIBUTIONS AND ACCOUNTS"],"source_url":"https://sdlegislature.gov/Statutes/61-5-29.7","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"50b47318bc9954f421f33907e88ac86250c93ed109b0595c548678d720e90d31","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-61-5-29.6","next":"us-sd/sdcl-61-5-30"},"notice":"GroundRules: Original legal text. Not legal advice."}