Apportions interest earnings from the unclaimed property trust fund to school districts in South Dakota.
South Dakota SB225 amends the distribution of interest earnings from the unclaimed property trust fund. Beginning in fiscal year 2026, the state treasurer will deposit net receipts from unclaimed property into the general fund, up to a specified limit. The commissioner of school and public lands will then apportion these funds to school districts based on their student population. This change aims to ensure that unclaimed property interest earnings support educational funding.
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