This bill prohibits certain foreign entities (as defined in existing South Dakota law) from owning or controlling land or property interests in South Dakota while military installations exist in the state. Entities that already own such property must sell it within two to three years depending on how they acquired it. The bill creates a new enforcement mechanism to prevent foreign entities from directly or indirectly holding stakes in South Dakota real estate through corporate ownership or other indirect means.
This bill does not directly amend codified state law.
The amendment expanded the restriction from property within a ten-mile radius of military installations to all real property interests statewide, and replaced the affidavit requirement for transferees with investigative subpoena authority for the attorney general.
The enrolled version corrects a citation reference from "§§ 15-6-28.2 to 15-6-10 28.4" to "§§ 15-6-28.2 to 15-6-28.4" in the attorney general's subpoena authority provision.
Signed by the Governor S.J. 529
Delivered to the Governor S.J. 477
Signed by the Speaker H.J. 516
Signed by the President S.J. 448
House of Representatives Do Pass Amended Passed, YEAS 65, NAYS 0. H.J. 476
Military and Veterans Affairs Do Pass Passed, YEAS 12, NAYS 0. H.J. 3
Military and Veterans Affairs Scheduled for hearing
Military and Veterans Affairs Scheduled for hearing H.J. 1
First read in House and referred to House Military and Veterans Affairs H.J. 294
Senate Do Pass Amended Passed, YEAS 34, NAYS 0. S.J. 233
Senate Remove from Consent Calendar S.J. 221
Commerce and Energy Certified uncontested, placed on consent S.J. 11
Commerce and Energy Do Pass Amended Passed, YEAS 8, NAYS 0. S.J. 11
Commerce and Energy Motion to amend S.J. 9
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 10
Prime sponsor · Sen.
R
Prime sponsor · Rep.
R
Cosponsors
Do Pass Amended
Military and Veterans Affairs — Do Pass
Do Pass Amended
Commerce and Energy — Do Pass Amended