South Dakota Amendment K: Unclaimed-property trust fund
South Dakota · Constitutional amendment · Budget · Statewide decision
Explanation reviewed 2026-10-27. AI-written and checked against linked official evidence; not an election-office summary.
AI-written summary
Would deposit net unclaimed-property receipts into a constitutional trust after claims, expenses and legally authorized General Fund deposits. Investment-income distributions begin July 1,2027. Principal or income may also be used for owners’ claims, legally required returns or appropriations approved by three-fourths of each legislative chamber.
What applies now
A statutory unclaimed-property trust already exists. The proposal would constitutionalize a trust framework and restrictions on its use.
If yes / for
Create the constitutional trust and distribution framework.
If no / against
Keep the existing statutory arrangement.
Costs and funding
No verified fiscal estimate recorded in this baseline. This does not mean there is no cost.
Timing
Annual income distributions begin July 1,2027.
Passage rule
Threshold not independently established here; consult the official text.
The latest automated source check failed. This remains the previously reviewed explanation.