<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-41B-24 - Unclaimed property moneys received--Unclaimed property operating fund--Record required.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s4c587942ecfc40a4b8d1c01c49ad9d0dNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4c587942ecfc40a4b8d1c01c49ad9d0dSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4c587942ecfc40a4b8d1c01c49ad9d0dCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s4c587942ecfc40a4b8d1c01c49ad9d0dStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4c587942ecfc40a4b8d1c01c49ad9d0d000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s4c587942ecfc40a4b8d1c01c49ad9d0dNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4c587942ecfc40a4b8d1c01c49ad9d0dSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-41B-24 - Unclaimed property moneys received--Unclaimed property operating fund--Record required."><meta property="og:description" content="SDLRC Codified Law 43-41B-24 - Unclaimed property moneys received--Unclaimed property operating fund--Record required."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/43-41B-24"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s4c587942ecfc40a4b8d1c01c49ad9d0dNormal"><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24" rel="noopener"><span class="s4c587942ecfc40a4b8d1c01c49ad9d0dSENU">43-41B-24</span></a><span xml:space="preserve" class="s4c587942ecfc40a4b8d1c01c49ad9d0dSENU">. </span><span class="s4c587942ecfc40a4b8d1c01c49ad9d0dCL">Unclaimed property moneys received--Unclaimed property operating fund--Record required.</span></p><p dir="ltr" class="s4c587942ecfc40a4b8d1c01c49ad9d0dStatute"><span xml:space="preserve" class="s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont">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 § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-23" rel="noopener"><span class="s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont">43-41B-23</span></a><span xml:space="preserve" class="s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont">, not to exceed the general fund contribution limit, as defined in § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.3" rel="noopener"><span class="s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont">43-41B-24.3</span></a><span class="s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont">, in a fiscal year.</span></p><p dir="ltr" class="s4c587942ecfc40a4b8d1c01c49ad9d0dStatute"><span class="s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont">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.</span></p><p dir="ltr" class="s4c587942ecfc40a4b8d1c01c49ad9d0dNormal"><span xml:space="preserve" class="s4c587942ecfc40a4b8d1c01c49ad9d0d000000"> </span></p><p dir="ltr" class="s4c587942ecfc40a4b8d1c01c49ad9d0dNoIndent"><span xml:space="preserve" class="s4c587942ecfc40a4b8d1c01c49ad9d0dDefaultParagraphFont-000001">Source: </span><span class="s4c587942ecfc40a4b8d1c01c49ad9d0dSCL">SL 1992, ch 312, § 23; SL 1993, ch 327, § 1; SL 2024, ch 180, § 1; SL 2025, ch 184, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-41B-24 - Unclaimed property moneys received--Unclaimed property operating fund--Record required.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sbdb7b09625434751aae6c8769ac94d01Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sbdb7b09625434751aae6c8769ac94d01SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sbdb7b09625434751aae6c8769ac94d01CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sbdb7b09625434751aae6c8769ac94d01Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sbdb7b09625434751aae6c8769ac94d01DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sbdb7b09625434751aae6c8769ac94d01000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sbdb7b09625434751aae6c8769ac94d01NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sbdb7b09625434751aae6c8769ac94d01DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sbdb7b09625434751aae6c8769ac94d01SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-41B-24.1 - Unclaimed property operating fund--Continuous appropriation--Purpose--Informational budget."><meta property="og:description" content="SDLRC Codified Law 43-41B-24.1 - Unclaimed property operating fund--Continuous appropriation--Purpose--Informational budget."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/43-41B-24.1"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sbdb7b09625434751aae6c8769ac94d01Normal"><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.1" rel="noopener"><span class="sbdb7b09625434751aae6c8769ac94d01SENU">43-41B-24.1</span></a><span xml:space="preserve" class="sbdb7b09625434751aae6c8769ac94d01SENU">. </span><span class="sbdb7b09625434751aae6c8769ac94d01CL">Unclaimed property operating fund--Continuous appropriation--Purpose--Informational budget.</span></p><p dir="ltr" class="sbdb7b09625434751aae6c8769ac94d01Statute"><span xml:space="preserve" class="sbdb7b09625434751aae6c8769ac94d01DefaultParagraphFont">Money in the unclaimed property operating fund for the payment of claims and costs incurred in examining records of holders of property and in collecting the property from those holders is continuously appropriated. Expenditures for claims and costs incurred in examining records of holders of property and in collecting the property from those holders must be paid upon warrants drawn by the state auditor pursuant to vouchers authorized by the state treasurer. All moneys paid out by the state treasurer for claims and costs incurred in examining records of holders of property and in collecting the property from those holders under chapter </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B" rel="noopener"><span class="sbdb7b09625434751aae6c8769ac94d01DefaultParagraphFont">43-41B</span></a><span xml:space="preserve" class="sbdb7b09625434751aae6c8769ac94d01DefaultParagraphFont"> must be set forth in an informational budget as described in § </span><a href="https://sdlegislature.gov/Statutes?Statute=4-7-7.2" rel="noopener"><span class="sbdb7b09625434751aae6c8769ac94d01DefaultParagraphFont">4-7-7.2</span></a><span xml:space="preserve" class="sbdb7b09625434751aae6c8769ac94d01DefaultParagraphFont"> and be annually reviewed by the Legislature.</span></p><p dir="ltr" class="sbdb7b09625434751aae6c8769ac94d01Normal"><span xml:space="preserve" class="sbdb7b09625434751aae6c8769ac94d01000000"> </span></p><p dir="ltr" class="sbdb7b09625434751aae6c8769ac94d01NoIndent"><span xml:space="preserve" class="sbdb7b09625434751aae6c8769ac94d01DefaultParagraphFont-000001">Source: </span><span class="sbdb7b09625434751aae6c8769ac94d01SCL">SL 1993, ch 327, §§ 2, 3; SL 2012, ch 210, § 1; SL 2024, ch 180, § 2; SL 2025, ch 184, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-41B-24 - Unclaimed property moneys received--Unclaimed property operating fund--Record required.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.saf0a06f396f74f40a5ba0ec4bd0e7ad4Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.saf0a06f396f74f40a5ba0ec4bd0e7ad4SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.saf0a06f396f74f40a5ba0ec4bd0e7ad4CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; 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padding: 0; } span.saf0a06f396f74f40a5ba0ec4bd0e7ad4SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-41B-24.2 - Operational expenses not continuously appropriated."><meta property="og:description" content="SDLRC Codified Law 43-41B-24.2 - Operational expenses not continuously appropriated."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/43-41B-24.2"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="saf0a06f396f74f40a5ba0ec4bd0e7ad4Normal"><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.2" rel="noopener"><span class="saf0a06f396f74f40a5ba0ec4bd0e7ad4SENU">43-41B-24.2</span></a><span xml:space="preserve" class="saf0a06f396f74f40a5ba0ec4bd0e7ad4SENU">. </span><span class="saf0a06f396f74f40a5ba0ec4bd0e7ad4CL">Operational expenses not continuously appropriated.</span></p><p dir="ltr" class="saf0a06f396f74f40a5ba0ec4bd0e7ad4Statute"><span class="saf0a06f396f74f40a5ba0ec4bd0e7ad4DefaultParagraphFont">The operational expenses for unclaimed property, including costs in connection with the sale of abandoned property, personnel, costs of mailing and publication, and service charges, must be paid from general appropriations in the general appropriations act.</span></p><p dir="ltr" class="saf0a06f396f74f40a5ba0ec4bd0e7ad4Normal"><span xml:space="preserve" class="saf0a06f396f74f40a5ba0ec4bd0e7ad4000000"> </span></p><p dir="ltr" class="saf0a06f396f74f40a5ba0ec4bd0e7ad4NoIndent"><span xml:space="preserve" class="saf0a06f396f74f40a5ba0ec4bd0e7ad4DefaultParagraphFont-000001">Source: </span><span class="saf0a06f396f74f40a5ba0ec4bd0e7ad4SCL">SL 2024, ch 180, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-41B-24 - Unclaimed property moneys received--Unclaimed property operating fund--Record required.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2e4a89a31fd64300abca7a42300c82faNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2e4a89a31fd64300abca7a42300c82faSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2e4a89a31fd64300abca7a42300c82faCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2e4a89a31fd64300abca7a42300c82faStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2e4a89a31fd64300abca7a42300c82faStatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2e4a89a31fd64300abca7a42300c82fa000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2e4a89a31fd64300abca7a42300c82faNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2e4a89a31fd64300abca7a42300c82faSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-41B-24.3 - Unclaimed property moneys received--General fund contribution limit."><meta property="og:description" content="SDLRC Codified Law 43-41B-24.3 - Unclaimed property moneys received--General fund contribution limit."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/43-41B-24.3"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faNormal"><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.3" rel="noopener"><span class="s2e4a89a31fd64300abca7a42300c82faSENU">43-41B-24.3</span></a><span xml:space="preserve" class="s2e4a89a31fd64300abca7a42300c82faSENU">. </span><span class="s2e4a89a31fd64300abca7a42300c82faCL">Unclaimed property moneys received--General fund contribution limit.</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatute"><span xml:space="preserve" class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">For purposes of § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24" rel="noopener"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">43-41B-24</span></a><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">, "general fund contribution limit" means an amount equal to the cost of operational expenses for the Unclaimed Property Division in each of the following fiscal years plus:</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(1)    For fiscal year 2026, $61,384,827;</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(2)    For fiscal year 2027, $58,000,000;</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(3)    For fiscal year 2028, $54,000,000;</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(4)    For fiscal year 2029, $50,000,000;</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(5)    For fiscal year 2030, $46,000,000;</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(6)    For fiscal year 2031, $42,000,000;</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(7)    For fiscal year 2032, $38,000,000;</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(8)    For fiscal year 2033, $34,000,000;</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(9)    For fiscal year 2034, $30,000,000; and</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faStatuteNumber1"><span class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont">(10)    For fiscal year 2035 and each fiscal year thereafter, $25,000,000.</span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faNormal"><span xml:space="preserve" class="s2e4a89a31fd64300abca7a42300c82fa000000"> </span></p><p dir="ltr" class="s2e4a89a31fd64300abca7a42300c82faNoIndent"><span xml:space="preserve" class="s2e4a89a31fd64300abca7a42300c82faDefaultParagraphFont-000001">Source: </span><span class="s2e4a89a31fd64300abca7a42300c82faSCL">SL 2025, ch 184, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-41B-24 - Unclaimed property moneys received--Unclaimed property operating fund--Record required.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s30fc968df4134b7eb262babdab136ed7Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s30fc968df4134b7eb262babdab136ed7SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s30fc968df4134b7eb262babdab136ed7CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s30fc968df4134b7eb262babdab136ed7Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s30fc968df4134b7eb262babdab136ed7000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s30fc968df4134b7eb262babdab136ed7NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s30fc968df4134b7eb262babdab136ed7SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-41B-24.4 - Trust fund for unclaimed property--Administration--Purpose--Appropriation."><meta property="og:description" content="SDLRC Codified Law 43-41B-24.4 - Trust fund for unclaimed property--Administration--Purpose--Appropriation."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/43-41B-24.4"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s30fc968df4134b7eb262babdab136ed7Normal"><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.4" rel="noopener"><span class="s30fc968df4134b7eb262babdab136ed7SENU">43-41B-24.4</span></a><span xml:space="preserve" class="s30fc968df4134b7eb262babdab136ed7SENU">. </span><span class="s30fc968df4134b7eb262babdab136ed7CL">Trust fund for unclaimed property--Administration--Purpose--Appropriation.</span></p><p dir="ltr" class="s30fc968df4134b7eb262babdab136ed7Statute"><span xml:space="preserve" class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont">There is created in the state treasury the trust fund for unclaimed property. The fund consists of any net receipts from unclaimed property that exceed the maximum deposit requirements of § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.3" rel="noopener"><span class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont">43-41B-24.3</span></a><span class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont">.</span></p><p dir="ltr" class="s30fc968df4134b7eb262babdab136ed7Statute"><span xml:space="preserve" class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont">The state treasurer shall administer the fund. The purpose of the fund is to provide for the return of unclaimed property, provide for the payment of audit expenses, and deposit into the general fund the distribution amount, in accordance with § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.5" rel="noopener"><span class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont">43-41B-24.5</span></a><span xml:space="preserve" class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont">. Distribution amounts from the fund must be budgeted through the general appropriation bill as provided for in § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.5" rel="noopener"><span class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont">43-41B-24.5</span></a><span xml:space="preserve" class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont"> or expended by special appropriation. Moneys comprising the principal amount in the trust fund for unclaimed property may not be appropriated by the general appropriation bill or by special appropriation.</span></p><p dir="ltr" class="s30fc968df4134b7eb262babdab136ed7Normal"><span xml:space="preserve" class="s30fc968df4134b7eb262babdab136ed7000000"> </span></p><p dir="ltr" class="s30fc968df4134b7eb262babdab136ed7NoIndent"><span xml:space="preserve" class="s30fc968df4134b7eb262babdab136ed7DefaultParagraphFont-000001">Source: </span><span class="s30fc968df4134b7eb262babdab136ed7SCL">SL 2025, ch 184, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-41B-24 - Unclaimed property moneys received--Unclaimed property operating fund--Record required.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s1dbec2145ed84fb0be7d2c10e2b158d3Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s1dbec2145ed84fb0be7d2c10e2b158d3SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s1dbec2145ed84fb0be7d2c10e2b158d3CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s1dbec2145ed84fb0be7d2c10e2b158d3Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s1dbec2145ed84fb0be7d2c10e2b158d3000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s1dbec2145ed84fb0be7d2c10e2b158d3NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s1dbec2145ed84fb0be7d2c10e2b158d3SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-41B-24.5 - Net receipts reduction--Distribution amount."><meta property="og:description" content="SDLRC Codified Law 43-41B-24.5 - Net receipts reduction--Distribution amount."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/43-41B-24.5"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s1dbec2145ed84fb0be7d2c10e2b158d3Normal"><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.5" rel="noopener"><span class="s1dbec2145ed84fb0be7d2c10e2b158d3SENU">43-41B-24.5</span></a><span xml:space="preserve" class="s1dbec2145ed84fb0be7d2c10e2b158d3SENU">. </span><span class="s1dbec2145ed84fb0be7d2c10e2b158d3CL">Net receipts reduction--Distribution amount.</span></p><p dir="ltr" class="s1dbec2145ed84fb0be7d2c10e2b158d3Statute"><span xml:space="preserve" class="s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont">Beginning in fiscal year 2026 and each fiscal year thereafter, the state treasurer shall, after paying from the unclaimed property operating fund all claims and any administrative costs associated with the sale of unclaimed property, deposit into the general fund the net receipts from unclaimed property, up to the general fund contribution limit, as established in § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.3" rel="noopener"><span class="s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont">43-41B-24.3</span></a><span class="s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont">.</span></p><p dir="ltr" class="s1dbec2145ed84fb0be7d2c10e2b158d3Statute"><span xml:space="preserve" class="s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont">Any net receipts from unclaimed property that exceed the general fund contribution limit as defined in § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-41B-24.3" rel="noopener"><span class="s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont">43-41B-24.3</span></a><span class="s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont">, must be deposited into the trust fund for unclaimed property.</span></p><p dir="ltr" class="s1dbec2145ed84fb0be7d2c10e2b158d3Statute"><span class="s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont">The state investment officer shall calculate an amount equal to four percent of the market value of the trust fund for unclaimed property, without invading principal, as eligible for distribution to the general fund. Until fiscal year 2031, the distribution must be based on the market value as of each December thirty-first, beginning with the market value as of December 31, 2025. Beginning with the distribution in fiscal year 2031, the market value must be determined by adding the market value of the trust fund at the end of the sixteen most recent calendar quarters as of December thirty-first, and dividing the sum by sixteen. Upon notice of the amount by the state investment officer, the state treasurer shall transfer the distribution amount from the trust fund to the general fund as soon as practicable after July first of the next fiscal year.</span></p><p dir="ltr" class="s1dbec2145ed84fb0be7d2c10e2b158d3Normal"><span xml:space="preserve" class="s1dbec2145ed84fb0be7d2c10e2b158d3000000"> </span></p><p dir="ltr" class="s1dbec2145ed84fb0be7d2c10e2b158d3NoIndent"><span xml:space="preserve" class="s1dbec2145ed84fb0be7d2c10e2b158d3DefaultParagraphFont-000001">Source: </span><span class="s1dbec2145ed84fb0be7d2c10e2b158d3SCL">SL 2025, ch 184, § 5.</span></p></div></body></html>