South Dakota voters would be asked to approve a new constitutional fund for unclaimed property—money that businesses or organizations hold but can't locate the rightful owners. The fund would keep unclaimed property deposits separate in a trust that grows over time, with only the interest and income (starting in 2027) flowing into the general state budget, while the main balance stays protected unless needed to pay claims or return property to owners.
This bill does not directly amend codified state law.
Delivered to the Secretary of State S.J. 517
Signed by the Speaker H.J. 524
Signed by the President S.J. 502
House of Representatives Do Pass Amended Passed, YEAS 69, NAYS 0. H.J. 478
State Affairs Certified uncontested, placed on consent
State Affairs Do Pass Passed, YEAS 13, NAYS 0.
State Affairs Scheduled for hearing
First read in House and referred to House State Affairs H.J. 360
Senate Do Pass Amended Passed, YEAS 35, NAYS 0. S.J. 325
Senate Motion to amend S.J. 324
State Affairs Do Pass Passed, YEAS 8, NAYS 0.
State Affairs Scheduled for hearing
Senate Referred to Senate State Affairs 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
State Affairs — Do Pass
Do Pass Amended
State Affairs — Do Pass