South Dakota legislation · 101st Legislature (2026)
South Dakota HB1318: prohibit natural asset companies.
Status: Failed, February 18, 2026
What the bill says
An Act to prohibit natural asset companies.
From the introduced text, February 4, 2026:
An Act to prohibit natural asset companies. Be it enacted by the Legislature of the State of South Dakota: Section 1. That a NEW SECTION be added to a NEW CHAPTER in title 5: [ADDED: Terms in this chapter mean:] [ADDED: (1) "Natural asset," arable soil, air quality, biodiversity, drainage management, extractive resources, natural disaster resilience, pollution sinks, and water quality; and] [ADDED: (2) "Natural asset company," a corporation, limited liability company, or any other entity or affiliate of an entity that:] [ADDED: (a) Holds the rights to any measurable ecological outcome of a defined area and has the authority to manage the area for conservation, restoration, or sustainable management;] [ADDED: (b) Has a primary purpose of actively growing, maintaining, managing, or restoring the value of natural assets; and] [ADDED: (c) Is listed by the Securities and Exchange Commission as a natural asset company, regardless of legal form, but not including any nonprofit organization, privately held farm, or company that contracts with government entities to actively manage ecosystem health by providing physical services.] Section 2. That a NEW SECTION be added to a NEW CHAPTER in title 5: [ADDED: The state may not engage in business, whether directly or indirectly, with a natural asset company in a way that would grant the natural asset company a direct or indirect interest …
Sponsors
- Julie Auch (R, HD-018) · primary sponsor
- Jana Hunt (R, HD-028)
- Carl Perry (R, 03)
Latest actions
- : Deferred to the 41st legislative day
- : Motion to amend
- : Scheduled for hearing
- : Referred to Commerce and Energy
- : First Reading House
Votes
- Deferred to the 41st legislative day (February 18, 2026): 7 yea, 6 nay, passed
Subjects: Property, Public Property, Purchases and Contracts, Attorney's Fees, Custody and Investment of State Funds
Common questions
- What is HB1318?
- HB1318 is a bill in the South Dakota Legislature (101st Legislature (2026)): prohibit natural asset companies.
- What does HB1318 do?
- In its own words: An Act to prohibit natural asset companies.
- What is the status of HB1318?
- Failed as of February 18, 2026. Latest action: Deferred to the 41st legislative day (February 18, 2026).
- Who sponsored HB1318?
- Julie Auch (R, HD-018), with 2 co-sponsors.
- Where is the official record for HB1318?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/27102
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.