cement plant trust fund south dakota

South Dakota State Cement Plant Sale Trust Fund, Amendment A ...

Apr 10, 2001 · South Dakota State Cement Plant Sale Trust Fund, Amendment A (April 2001) The South Dakota State Cement Plant Sale Trust Fund Amendment, also known as Amendment A, was on the April 10, 2001 ballot in South Dakota as a legislatively referred constitutional amendment, where it was approved. The measure placed the proceeds from the state cement plant sale into a trust fund to be invested.

South Dakota Investment Council - Managed Funds

Dakota Cement Trust Fund The DCT was established from the net proceeds from the sale of the South Dakota Cement Plant. Investment Policy; Education Enhancement Trust Fund The EET was established from the funds received from the Master Settlement Agreement with U.S. tobacco product manufacturers and a subsequent securitization of the settlement payments.

South Dakota State Cement Enterprise Sales Trust Fund ...

Nov 02, 2010 · The cement plant trust fund holds the proceeds from the sale of the state cement plant to benefit South Dakota citizens. The proposed amendment reduces the current $12 million mandatory annual transfer to $8 million over a four year period.

South Dakota Trust Funds

South Dakota Investment Council. June 13-14, 2018. 0. Dakota Cement Trust Fund Established. • Proceeds from the sale of the South Dakota Cement Plant in Rapid City in March of 2001 • Constitutional Amendment enacted April 2001 allows “stocks, bonds, mutual funds and other financial instruments as provided by law” • Constitutional Amendment enacted November 2012 changed distribution calculation from $12 million to 4% of average fair value • Accompanying statute (SDCL 4- 5-47 ...

South Dakota Holds $1.24 Billion in Reserves and Trust Funds ...

Sep 11, 2018 · The cement plant fund is open for uses that “benefit the citizens of South Dakota.” But to raid the education enhancement trust fund and the health care trust fund, the Legislature would have to muster three-fourths votes from each chamber. Not that I’m saying burning up our reserves and trust funds is a good idea.

Amendment Mixes Change For Cement Plant Trust Fund – NO: ‘Don ...

The South Dakota Investment Council manages this fund and projects a return rate of 6.5 percent per year. If this projection holds, an annual $12 million withdrawal from the trust fund is ...

Cement plant sale was to earn forever | Columnists ...

Dec 10, 2020 · In the past three years alone, the Dakota Cement Trust has generated $36 million for funding K-12 schools and about $3.3 million to help pay for South Dakota Opportunity scholarships. The trust is...

Senate approves cement plant sale; House set to start debate ...

GCC has a cement plant in New Mexico and three distribution terminals in Texas, New Mexico and Denver, one of the South Dakota plant's main markets. It also sells concrete in Texas and New Mexico...

South Dakota Codified Laws 3-12C-1642. Transfer of funds in ...

Apr 01, 2014 · Upon receipt of the appropriation pursuant to SL 2014, ch 21, § 1, the state treasurer shall transfer the balance of the funds of the cement plant retirement fund to the South Dakota Retirement System trust fund.

Election Resources: South Dakota Secretary of State

Title: An amendment to Article XIII of the South Dakota Constitution authorizing the creation and administration of a trust fund for proceeds of the sale of the State Cement Plant. Attorney General Explanation: The South Dakota Legislature has authorized the sale of the State Cement Plant for approximately $252 million dollars.

Lawmakers ask voters to change payouts from cement-plant trust

At the time, voters adopted language for the South Dakota Constitution, requiring $12 million to be transferred annually from the trust to be used for the operation of state government.

South Dakota Investment Council - Assets

The South Dakota Investment Council manages investment of the financial assets of the State of South Dakota. These include public retirement systems, public trust funds, and other financial assets.

Cement plant retirement fund might join with SDRS | Local ...

Daugaard wants lawmakers to appropriate $5.6 million to bring the cement plant fund into fully funded status – 107 percent, to be exact – and merge it into the much larger SDRS pension fund.

Cement plant retirement fund might merge with SDRS system ...

Daugaard wants lawmakers to spend $5.6 million to bring the cement plant fund into fully funded status — 107 percent, to be exact — and merge it into the much larger SDRS pension fund.

S.D. Cement Plant has operated 76 years | | rapidcityjournal.com

Dec 23, 2000 · Delays and cost overruns forced the South Dakota Legislature to lend the cement commission $275,000 to begin operations on Dec. 7, 1924. The state retired the bonds in July 1943.

The great American tax haven: why the super-rich love South ...

Nov 14, 2019 · In just three years, the amount of money held via secretive structures in the US had increased by 14%, the TJN said. That is the money pouring into Sioux Falls, and into the South Dakota Trust ...

South Dakota Legislature

17 State Cement Plant ... charge or liability against the state--Pledge of education enhancement trust funds prohibited. ... South Dakota Codified Laws 5-29.

South Dakota Codified Laws 3-12C-1645. Funds transferred from ...

Apr 01, 2014 · South Dakota Laws > Title 3 > Chapter 12C > § 3-12C-1645 South Dakota Codified Laws 3-12C-1645. Funds transferred from cement plant retirement fund considered member contributions

State of South Dakota Cash and Investment Balances in State ...

State of South Dakota Cash and Investment Balances in State Reserve and Trust Funds as of July 31, 2018 Total Balance: $1,238,760,377 ... Dakota Cement Trust Fund ...

SD State Cement Plant v. WAUSAU UNDERWRITERS INS., 778 F ...

The South Dakota Cement Plant Commission controls the management of the Plant, SDCL 5-17-2.3, and its members are compensated from the cement plant fund. SDCL 5-17-4. The Commission also has the power to hire employees and other professionals, including attorneys.

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