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 $23.6 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.
Most Popular Today
Former Sioux Falls Executive Investigated For Animal Abuse
Westward Ho Country Club Changes Name
- 3.Your Money Matters
Bank Installs Interactive Teller Machines
Sanford And First PREMIER Bank Hosting Concert For Employees
Re-Zoning Signs Not Signal Of Sanford Expansion
Rosholt Ethanol Plant Operating After 18 Months
- 7.Your Money Matters
- 8.Meetings & Events, General
Uncorked Fundraiser Goes To The Dogs
Oil Conference Planned In Spearfish In October
Thursday Morning Business Brief