SB 225 South Dakota Senate · 2026 Regular Session

apportion interest earnings from the unclaimed property trust fund to school districts.

SB 225 directs that 4% of the interest earnings from South Dakota's unclaimed property trust fund (without touching the principal) be distributed annually to school districts starting in fiscal year 2026. The funds will be apportioned to school districts based on their student enrollment, following the existing method used for other school funding. This adds a new source of revenue for school districts through the trust fund's interest, calculated using the fund's market value as of December 31 each year. The bill modifies existing statutes to implement this distribution, ensuring the funds are added to the general fund before being allocated to schools under current apportionment rules.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2026 Last action Feb 23, 2026
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Full legislative history

Actions timeline

Total actions
5
Key actions
1
Committee
2
Feb 23, 2026
Upper · Passed
Committee on Appropriations Deferred to the 41st legislative day , Passed, YEAS 5, NAYS 3
upper
Feb 6, 2026
Committee
Referred to , Passed, Senate Committee on Appropriations YEAS 16, NAYS 0
upper
Feb 4, 2026
Introduced
First read in Senate and referred to Joint Committee on Appropriations S.J. 178
upper
7 primary · 0 co-sponsors

Sponsors