South Dakota legislation · 101st Legislature (2026)
South Dakota SB1: amend the process by which moneys are distributed from the employer's investment in South Dakota's future fund.
Status: Failed, January 26, 2026
What the bill says
An Act to amend the process by which moneys are distributed from the employer's investment in South Dakota's future fund.
From the introduced text, December 19, 2025:
An Act to amend the process by which moneys are distributed from the employer's investment in South Dakota's future fund. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 61-5-29.1 be AMENDED: 61-5-29.1. There is [DELETED: hereby] created in the state treasury [DELETED: a special revenue fund to be known as] the employer's investment in South Dakota's future fund [DELETED: . Moneys in the fund must be used for purposes related to] [ADDED: , to be administered by the Governor's Office of Economic Development, for the purpose of making loans and grants for] research [DELETED: and] [ADDED: or] economic development for the state. [ADDED: Any loan or grant pursuant to this section must be approved by an affirmative vote of a majority of the Board of Economic Development.] [ADDED: The Governor's Office of Economic Development shall promulgate rules, pursuant to chapter 1-26, establishing:] [ADDED: (1) The process by which an individual or entity applies for a loan or grant;] [ADDED: (2) The methods for assessing or estimating the economic impact, including the potential investment-to-impact ratio, that a research project or economic development opportunity will have on the state;] [ADDED: (3) The criteria for determining how a research project or economic development opportunity is selected for a loan or a grant;] [ADDED: (4) The …
Sponsors
- Taffy Howard (R, 34) · primary sponsor
- Karla Lems (R, HD-016) · primary sponsor
- Julie Auch (R, HD-018)
- Eric Emery (D, HD-026)
- Red Foster (D, SD-027)
- Chris Karr (R, SD-011)
- Scott Moore (R, HD-023)
- Marty Overweg (R, HD-021)
Latest actions
- : Deferred to the 41st legislative day
- : Scheduled for hearing
- : Do Pass Amended
- : Motion to amend
- : Scheduled for hearing
- : First read in Senate and referred to State Affairs
Votes
- Deferred to the 41st legislative day (January 26, 2026): 5 yea, 4 nay, passed
- Do Pass Amended (January 16, 2026): 4 yea, 4 nay, failed
Subjects: Reemployment Assistance, Grants, Interim Legislative Committee Bill, Fund, Promulgation of Rules, Government Operations and Audit, Future Fund
Common questions
- What is SB1?
- SB1 is a bill in the South Dakota Legislature (101st Legislature (2026)): amend the process by which moneys are distributed from the employer's investment in South Dakota's future fund.
- What does SB1 do?
- In its own words: An Act to amend the process by which moneys are distributed from the employer's investment in South Dakota's future fund.
- What is the status of SB1?
- Failed as of January 26, 2026. Latest action: Deferred to the 41st legislative day (January 26, 2026).
- Who sponsored SB1?
- Taffy Howard (R, 34), with 7 co-sponsors.
- Where is the official record for SB1?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/26538
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.