South Dakota creates a new trust fund to hold unclaimed property money, with protections preventing the state from spending the principal except in emergencies or with a three-fourths legislative vote. Starting in fiscal year 2025, the state will transfer a portion of the trust fund's earnings to the general fund each year based on a 16-quarter average market value, with that money dedicated to improvements across South Dakota.
House of Representatives Tabled Passed, YEAS 59, NAYS 9. H.J. 415
Committee on Appropriations Do Pass Amended Passed, YEAS 8, NAYS 1.
Committee on Appropriations Motion to amend
Committee on Appropriations Scheduled for hearing H.J. 1
House of Representatives Referred to House Committee on Appropriations H.J. 178
First Reading House H.J. 148
Taffy Howard
Prime sponsor · Rep.
R
Cosponsors
Tabled
Committee on Appropriations — Do Pass Amended