State House votes to shift funds for $41 million veterans home - KOTA Territory News

State House votes to shift funds for $41 million veterans home

Posted:

       PIERRE, S.D. (AP) _ The South Dakota House has unanimously approved a bill that would use a windfall in state revenue to pay the state's share of constructing a new state Veterans Home in Hot Springs.
 
       The measure next goes to the Senate.
 
       The $41 million project is being financed with $24.6 million in federal funds and $16.4 million in state funds. The state had planned to issue bonds to pay its share. Extra one-time revenue will allow the state to pay its share in cash rather than by issuing bonds.
 
       Gov. Dennis Daugaard proposed the change in funding.
 
       The funding covers design, construction and equipping of a new facility. The campus dates back to 1889.
 
       Residents are expected to move into the new construction in early 2016.

 

       Copyright 2014 The Associated Press

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