cement plant trust fund south dakota

  • LRC Executive Board

    *The South Dakota Cement Plant Retirement Fund (CPRF) was consolidated into the South Dakota Retirement System (SDRS) on April 1, 2014, per SDCL 3 -12C-1642. For purpose of this exhibit, CPRF Assets for Fiscal Years 1973 - 2013 are included with SDRS. **Includes Coronavirus Relief Fund. $133 $211 $260 $297 $337 $392 $449 $517 $561 $611

  • Article 13, § 20 of the South Dakota Constitution

    § 20. Trust fund created with proceeds from sale of state cement enterprises_Investment. The net proceeds derived from the sale of state cement enterprises shall be deposited by the South Dakota Cement Commission in a trust fund hereby created to benefit the citizens of South Dakota.

  • Legislators to consider $252 million S.D. Cement Plant ...

     · The South Dakota Cement Plant, which opened on Dec. 7, 1924, is the only state-owned cement plant in the nation. It produces about 900,000 tons of Dacotah Cement a …

  • SOUTH DAKOTA

    Janklow announced plans to sell the Dacotah Cement Plant near Rapid City to Grupo Cementos de Chihuahua of Mexico. The legislature approved the sale in late December. Final closure of the sale was completed in March 2001. In April 2001, voters decided to place proceeds from the sale in a trust fund to be used for educational purposes.

  • North American Refractories Company (NARCO) | Mesothelioma ...

     · North American Refractories Company, better known as NARCO, manufactured and supplied numerous refractory products for use in high-heat applications. Yet, the company''s asbestos use ultimately cost the company financially after a long list of mesothelioma lawsuits and other asbestos-related claims. If you suffer from mesothelioma, asbestosis ...

  • 2010 Legal and Public Notices

    amounts made from the cement plant trust fund to the State''s gen-eral fund. 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. Thereafter, the

  • Reeves, Inc. v. Stake :: 447 U.S. 429 (1980) :: Justia US ...

    Eakin v. South Dakota State Cement Comm''n, 44 S.D. 268, 272, 183 N.W. 651, 652 . Page 447 U. S. 431 (1921). In 1920, the South Dakota Cement Commission anticipated "[t]hat there would be a ready market for the entire output of the plant within the state." Report of State

  • South Dakota Constitution

     · Constitution to the people of South Dakota. Since becoming the 40th state to enter statehood, South Dakota has risen to be one the freest and most vibrant in the union. Within these pages of our State Constitution is the foundation of South Dakota''s unique heritage and understanding of life as experienced on the prairie, in the

  • Cement Plants located in United States

    Cement plant locations and information on United States can be found below. For full access to the database, purchase The Global Cement Report™, 13th Edition. Purchase. Summary. Cement capacity (Mt) Integrated plants. 96. Clinker plants. 0.

  • Judge Rejects State''s Argument in Black Hawk Sinkhole Case ...

     · The complaint says the state should compensate residents with money from the South Dakota Cement Plant Trust, which had a more than $333 million balance as of Sept. 30, 2020.

  • South Dakota Official State Homepage

    Official site of South Dakota State government. Governor Kristi Noem Click here to learn more about Gov. Noem and her team

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

     · And it shields your wealth from the government, since South Dakota has no income tax, no inheritance tax and no capital gains tax. A decade ago, South Dakotan trust companies held …

  • Amendment Mixes Change For Cement Plant Trust Fund – NO ...

     · 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 ...

  • SDRS Overview

     · The South Dakota Retirement System (SDRS) is a cost sharing, multiple employer, public employee retirement system. SDRS provides retirement, disability, and survivor benefits for employees of the state of South Dakota and its political subdivisions. SDRS is a qualified defined benefit retirement plan under Section 401 (a) of the Internal ...

  • South Dakota Air Quality

     · The Trust Effective Date kicked off the timeline for each state to take the required actions to qualify to receive funds. Within 60 days of the Trust Effective Date, South Dakota needed to submit a Certification Form in electronic format and by mail, signed by the Governor, explaining how South Dakota qualifies to be a Beneficiary under the Trust.

  • Manuals & Documents

    SD 314. Daily Asphalt Binder Content. SD 315. Field Density Determination of Asphalt Concrete by the Coring Method. SD 316. South Dakota Asphalt Concrete Marshall Mix Design Procedure. SD 317. Evaluating Quality Control Test Results of Aggregate Gradations, Theoretical Maximum Specific Gravity, and Bulk Specific Gravity of Asphalt Concrete ...

  • South Dakota Cement-Plant Trust Amendment, Constitutional ...

     · Official results via South Dakota Secretary of State.. Text of measure. The official ballot text read as follows: Title: An Amendment to the South Dakota Constitution changing the method for distributions from the cement plant trust fund. Explanation: In 2001, the $238 million in proceeds from the sale of the state cement plant were placed in a constitutionally created trust fund.

  • About GCC

    About GCC. Established in 1941, GCC is a leading producer of cement, ready-mixed concrete, aggregates and innovative solutions for the construction industry. With leading-edge products and state-of-the-art technologies, our passionate team of nearly 3,000 employees drives our growth. GCC''s operations stretch from the state of Chihuahua in ...

  • 4-5-26. Classes of investments approved ...

    117, chapter 3-13, the South Dakota Cement Plant retirement fund, chapter 13-63, the permanent trust fund containing the net proceeds from the sale of state cement enterprises, the health care trust fund as provided in S.D. Const., Art. XII, § 5, and the education enhancement trust fund as provided in S.D. Const., Art. XII, § 6, not otherwise:

  • South Dakota Secretary of State

     · Constitutional Amendment O: An Amendment to the South Dakota Constitution changing the method for distributions from the cement plant trust fund.

  • South Dakota Legislature

    § 20. Trust fund created with proceeds from sale of state cement enterprises_Investment. The net proceeds derived from the sale of state cement enterprises shall be deposited by the South Dakota Cement Commission in a trust fund hereby created to benefit the citizens of South Dakota.

  • SAMPLE GENERAL ELECTION BALLOT

    distributions from the cement plant trust fund. Attorney General Explanation: In 2001, the $238 million in proceeds from the sale of the state cement plant were placed in a constitutionally created trust fund. Currently, the Constitution requires a yearly transfer of $12 million from the cement plant trust fund to the state general fund.

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

     · 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. The measure designated that $12 million of the trust fund be …

  • Cement trust fund payout stays same | Local News Stories ...

     · The trust fund is managed by the South Dakota Investment Council, a state agency under the Legislature''s supervision. The fund''s market value rose as high as $281.6 million in …

  • South Dakota Legislature

    3-12C-1645 Funds transferred from cement plant retirement fund considered member contributions. 3-12C-1646 Payment of benefits and operational expenses related to Class C members. 3-12C-1647 Promulgation of rules to administer retirement benefits for Class C members.

  • GENERAL FUND RECEIPTS

    addition, the FY2003 figure includes $100,000 from the Children''s Trust Fund and $600,000 from the South Dakota Building Authority. Cement Plant Annual Transfer: In FY2002, the proceeds from the Cement Plant sale were deposited into the Dakota Cement Trust Fund, from which the $12 million annual transfer to the general fund takes place.

  • South Dakota Attorney General

    Referred Law 14 - An Act to establish the Large Project Development Fund. Initiated Measure 15-An initiated measure to increase state general sales and use taxes for additional K-12 public education and Medicaid funding. Constitutional Amendment M-An Amendment to the South Dakota Constitution regarding certain provisions relating to corporations.

  • Ballot Breakdown: Constitutional Amendments | SDPB Radio

    Next, Amendment O seeks to change the way South Dakota distributes money from the cement plant trust fund. About a decade ago, South Dakota sold its cement plant. The money from the sale went into a specific fund. Corey Brown is a state senator from Gettysburg, and …

  • South Dakota State News Home

     · Businesses in South Dakota will benefit from a cut in unemployment contributions. The unemployment insurance trust fund is reaching its target balance, and that means a savings to business owners of $11 million next year. South Dakota will also join …

  • Materials

    Materials. includes analyzing data, developing typical sections based on type and thickness of pavement layers, materials blends and source availability, life cycle cost analysis, and other factors affecting design and construction of pavements. includes recommendations for the design of asphalt concrete overlays, design of concrete pavement ...

  • Trust Services | Sioux Falls, SD

    Ira Services Trust Company. 401 East 8th Street # 200l. Sioux Falls, SD. (605) 335-4157. Visit Website.

  • South Dakota Investment Council

    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 ...

  • SOUTH DAKOTA INVESTMENT COUNCIL INVESTMENT …

    SOUTH DAKOTA INVESTMENT COUNCIL INVESTMENT POLICY FOR . DAKOTA CEMENT TRUST FUND ASSETS (South Dakota Codified Law 4-5-28) 1. PURPOSE . The purpose is to define the objectives and policies related to the Dakota Cement Trust Fund investment assets. The investment policies conform with laws governing the investment assets of the fund. 2. PRUDENCE

  • North Dakota Government Funds | The Office of North Dakota ...

     · To date, North Dakota has received $539,869,255.68 under subsection IX(c)(1). This amount is then allocated to the Community Health Trust Fund, Common Schools Trust Fund, Water Development Trust Fund and the Office of Attorney General as spelled out in NDCC 54-27-25.

  • South Dakota Cement Plant Retirement Fund

    We have prepared an actuarial valuation of the South Dakota Cement Plant Retirement Fund as of July 1, 2013, for the plan year ending June 30, 2013. The results of the valuation are set forth in this report, which reflects the provisions of the Plan as amended and effective on July 1, 2006.