Universities might get special budget powers
PIERRE — There is a saying in the halls of the Legislature that almost nothing is truly dead until the lawmakers end their annual session in March. A few days ago, the state Board of Regents became the latest to prove that true.
Thirteen senators changed their minds and switched sides on a measure to give the regents more budget freedom regarding South Dakota's public universities.
Specifically, SB 19 would establish two accounts in the state treasury for federal and other contracts, grants and cooperative agreements.
The regents would be allowed to continuously deposit money into the accounts and continuously spend from them. The regents would file informational budgets each year, but the Legislature's approval wouldn't be needed for mid-year adjustments.
Read more: http://www.mitchellrepublic.com/news/state/4215702-universities-might-get-special-budget-powers