South Dakota legislation · 101st Legislature (2026)
South Dakota SB225: apportion interest earnings from the unclaimed property trust fund to school districts.
Status: Failed, February 23, 2026
What the bill says
An Act to apportion interest earnings from the unclaimed property trust fund to school districts.
From the introduced text, February 4, 2026:
An Act to apportion interest earnings from the unclaimed property trust fund to school districts. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 13-13-1 be AMENDED: 13-13-1. The commissioner of school and public lands, after any adjustments that have been made pursuant to § 5-10-18.3, shall apportion the school funds as follows [DELETED: :the] [ADDED: :] [ADDED: (1) The] commissioner shall ascertain from the division of education the total number of resident [DELETED: pupils] [ADDED: students] in average daily membership [ADDED: ,] as defined in § 13-13-1.1 [ADDED: ,] in each school district and the total number of [DELETED: pupils] [ADDED: students] in average daily membership in all school districts, and on that basis of the school population [DELETED: , the] [ and] [ADDED: (2) The] commissioner shall apportion to each school district, pro rata, such share, as its population of resident [DELETED: pupils] [ADDED: students] in average daily membership in the school district bears to the total number of [DELETED: pupils] [ADDED: students] in average daily membership in all school districts. The funds to be apportioned include funds derived from the lease of school lands, the lease of public lands not apportioned to any educational, penal, or charitable institution, the interest, dividends, and other income on invested funds derived from the …
Sponsors
- Mark Lapka (R, SD-023) · primary sponsor
- Kaley Nolz (R, HD-020) · primary sponsor
- Eric Emery (D, HD-026)
- Timothy Goodwin (R, HD-030)
- Lana Greenfield (R, HD-022)
- Erik Muckey (D, HD-015)
- Carl Perry (R, 03)
Latest actions
- : Deferred to the 41st legislative day
- : Scheduled for hearing
- : Scheduled for hearing
- : Referred to Committee on Appropriations
- : First read in Senate and referred to Committee on Appropriations
Votes
- Deferred to the 41st legislative day (February 23, 2026): 5 yea, 3 nay, passed
- Referred to (February 6, 2026): 16 yea, 0 nay, passed
Subjects: Property, Transfer of Moneys, Education, State Aid to Education, Fund, Unclaimed Property
Common questions
- What is SB225?
- SB225 is a bill in the South Dakota Legislature (101st Legislature (2026)): apportion interest earnings from the unclaimed property trust fund to school districts.
- What does SB225 do?
- In its own words: An Act to apportion interest earnings from the unclaimed property trust fund to school districts.
- What is the status of SB225?
- Failed as of February 23, 2026. Latest action: Deferred to the 41st legislative day (February 23, 2026).
- Who sponsored SB225?
- Mark Lapka (R, SD-023), with 6 co-sponsors.
- Where is the official record for SB225?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/27151
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.