South Dakota SB155: Reduce the amount of net receipts of unclaimed property deposited into the general fund.

What the bill says

An Act ENTITLED An Act to reduce the amount of net receipts of unclaimed property deposited into the general fund.

From the enrolled text:

An Act ENTITLED An Act to reduce the amount of net receipts of unclaimed property deposited into the general fund. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 43-41B-24 be AMENDED: 43-41B-24. Except as otherwise provided by this section, the administrator shall promptly deposit in the general fund all moneys received under this chapter, including the proceeds from the sale of abandoned property under § 43-41B-23, not to exceed the general fund contribution limit, as defined in section 3 of this Act, in a fiscal year. The administrator shall maintain in a separate unclaimed property operating fund an amount not more than five hundred thousand dollars from which the administrator must make prompt payment of claims duly allowed. Before making the deposit, the administrator must record the name and last known address of each person appearing from the holders' reports to be entitled to the property and the name and last known address of each insured person or annuitant and beneficiary, and with respect to each policy or contract listed in the report of an insurance company, its number, the name of the company, and the amount due. The record must be available for public inspection at all reasonable business hours. Section 2. That § 43-41B-24.1 be AMENDED: 43-41B-24.1. Money in the …

Read the full official text

Sponsors

• Taffy Howard (R, SD-034) · primary sponsor
• Chris Kassin (R, HD-017) · primary sponsor
• Heather Baxter (R, HD-034)
• John Carley (R, SD-029)
• Casey Crabtree (R, SD-008)
• Spencer Gosch (R, HD-023)
• Phil Jensen (R, SD-033)
• Terri Jorgenson (R, HD-029)
• Elizabeth May (R, HD-027)
• Scott Moore (R, HD-023)
• Erik Muckey (D, HD-015)
• Ernie Otten (R, SD-006)

Votes

• Do Pass Amended (March 5, 2025): 70 yea, 0 nay, passed
• Do Pass (March 4, 2025): 7 yea, 0 nay, passed
• Do Pass Amended (February 20, 2025): 35 yea, 0 nay, passed
• Do Pass Amended (February 18, 2025): 9 yea, 0 nay, passed

Common questions

What is SB155?

SB155 is a bill in the South Dakota Legislature (2025 Regular Session): Reduce the amount of net receipts of unclaimed property deposited into the general fund.

What does SB155 do?

In its own words: An Act ENTITLED An Act to reduce the amount of net receipts of unclaimed property deposited into the general fund.

What is the status of SB155?

Passed both chambers as of March 13, 2025.

Who sponsored SB155?

Taffy Howard (R, SD-034), with 11 co-sponsors.

Where is the official record for SB155?

On the South Dakota Legislature website: https://sdlegislature.gov/#/Session/Bill/25909