SB 133 allows South Dakota public entities to invest surplus public funds—money not needed for immediate operating expenses—in certificates of deposit and time deposits. This change gives public officials more flexibility to earn returns on temporary cash reserves while keeping those funds relatively safe and accessible.
This bill does not directly amend codified state law.
Committee on Appropriations Tabled Passed, YEAS 8, NAYS 0.
Committee on Appropriations Scheduled for hearing
First read in House and referred to House Committee on Appropriations H.J. 432
Senate Do Pass Amended Passed, YEAS 34, NAYS 1. S.J. 369
Committee on Appropriations Do Pass Amended Passed, YEAS 8, NAYS 1.
Committee on Appropriations Motion to amend
Committee on Appropriations Reconsidered Passed, YEAS 7, NAYS 2.
Committee on Appropriations Do Pass Amended Passed, YEAS 6, NAYS 2.
Committee on Appropriations Motion to amend
Committee on Appropriations Scheduled for hearing
Senate Prime Sponsor Changed at the Request of the Prime Sponsor S.J. 305
First read in Senate and referred to Senate Committee on Appropriations S.J. 116
Jeff Partridge
Prime sponsor · Sen.
R
Cosponsors
Committee on Appropriations — Tabled
Do Pass Amended
Committee on Appropriations — Do Pass Amended
Committee on Appropriations — Reconsidered
Committee on Appropriations — Do Pass Amended