Starting in fiscal year 2026, this bill caps how much money from unclaimed property can go into South Dakota's general fund, reducing that cap by $10 million each year until it reaches zero. Any unclaimed property revenue beyond the cap gets deposited into a new state trust fund instead, which will be used to return unclaimed property to owners and cover related administrative costs. This change gradually shifts unclaimed property money away from general state spending and toward a dedicated fund focused on returning the money to its rightful owners.
Signed by the Governor S.J. 529
Delivered to the Governor S.J. 478
Signed by the Speaker H.J. 488
Signed by the President S.J. 473
House of Representatives Do Pass Amended Passed, YEAS 70, NAYS 0. H.J. 467
Committee on Appropriations Do Pass Passed, YEAS 7, NAYS 0.
Committee on Appropriations Scheduled for hearing
First read in House and referred to House Committee on Appropriations H.J. 360
Senate Do Pass Amended Passed, YEAS 35, NAYS 0. S.J. 323
Senate Motion to amend S.J. 322
Committee on Appropriations Do Pass Amended Passed, YEAS 9, NAYS 0.
Committee on Appropriations Motion to amend
Committee on Appropriations Scheduled for hearing S.J. 1
Senate Referred to Senate Committee on Appropriations S.J. 152
First Reading Senate S.J. 137
Prime sponsor · Rep
R
Dist. HD-017
Prime sponsor · Rep
R
Dist. SD-034
Do Pass Amended
Committee on Appropriations — Do Pass
Do Pass Amended
Committee on Appropriations — Do Pass Amended