Budgeting and Appropriations | Annual budget; fiscal year begins July 1. The appropriations committee holds hearings for SDDOT to present its budget but do not become involved in project-level details. |
Bonding or Pay-as-You-Go | The state does not have state bonding authority, according to the AASHTO Center on Excellence for Project Finance (2010). |
State-Level Funding Provided for DOT Budgets | FY 2011 (approved): $189.1 million |
Allocation of Federal Transportation Funds to the DOT | Federal transportation funds are allocated to SDDOT through a state legislative appropriation at the agency level as well as at the program or category level. This appropriation, however, is only for informational purposes, and budgetary control lies with the Transportation Commission. Thus, in effect, the funds flow directly to SDDOT from the U.S. DOT. |
Allocation of State Transportation Funds to the DOT | As with federal funds, state transportation funds are allocated to SDDOT through a state legislative appropriation that is for informational purposes only. Budgetary control lies with the Transportation Commission. |
Traditional State Funding and Finance for Highways | Fuel taxes; additional sales taxes on gasoline or diesel; motor vehicle/rental car sales taxes; vehicle registration/license/title fees; truck weight fees; interest income; sign fees; billboard permits. |
State Funding and Finance for Other Modes | Nearly all revenue generated for transportation is restricted to highways and bridges. No revenues are dedicated to transit, although operating assistance has been provided from general funds. The Railroad Board has a fund that grants or loans money to regional railroad authorities for construction or maintenance of rail lines. |
Innovative Transportation Funding and Finance | Build America Bonds; state infrastructure bank (federally capitalized). |
Dedicated/Restricted State Funds and Revenues | The state constitution restricts use of any fuel tax or motor vehicle-related revenues to highways and bridges (S.D. Const. art. XI, §8). These revenues are deposited into the State Highway Fund, use of which is restricted by statute to construction, maintenance and supervision of highways and bridges, related administrative costs, matches for federal funds and the Highway Patrol (S.D. Codified Laws Ann. §32-2-11, §31-2-14.2, §31-5-8 and §31-6-9). |
DOT Authorized to Retain Surplus Funds | Unspent or unencumbered funds revert to the fund in which the appropriation was made. For state purposes, this is the State Highway Fund. |
Legislative Approval Required to Move Funds Between Projects | No legislative approval is required. |
Transportation Funding Allocations through Local Aid | Local aid is distributed by the secretary of revenue from the Local Government Highway and Bridge Fund, which receives revenues from various transportation-related sources. Funding is allocated to counties for highways, roads and bridges by a statutory formula based on population, road mileage and area. Funding is allocated to municipalities for municipal streets by a statutory formula based on population (S.D. Codified Laws Ann. §32-11-35). |