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SB 29 South Dakota Senate · 2025 Regular Session

amend provisions regarding the Division of Insurance and the former Division of Securities operating fund.

SB 29 amends provisions related to the Division of Insurance and the former Division of Securities operating fund in South Dakota. The bill modifies how these funds are managed and utilized by the state agencies. It directly affects the Division of Insurance and the former Division of Securities by changing their operational financial structures. This legislation updates existing rules governing these specific state funds without altering their core functions.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House Passage
Feb 2025
Signed into Law
Feb 2025
Introduced Feb 4, 2025 Signed Feb 19, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Enrolled · 4 edits · Feb 11, 2025
MODERATE
This bill was enacted into law as SB 29, establishing a formal insurance operating fund within the state treasury to manage fees collected by the Division of Insurance. The bill specifies how funds are budgeted, spent, and transferred to the general fund, ensuring proper financial oversight for insurance-related operations.
Scope change
The bill's scope remains focused on insurance fund management with no change in applicability beyond the existing Division of Insurance operations.
FISCAL

Created a formal insurance operating fund in the state treasury to receive all fees from the Division of Insurance.

REQUIREMENT

Established quarterly transfer requirements where cash balances exceeding $200,000 must be moved to the general fund.

ENFORCEMENT

Added certification requirements for the bill's passage through both legislative chambers and executive approval.

TECHNICAL

Removed browser compatibility notices and web interface elements that were part of the legislative website display.

Floor votes · Senate Feb 3, 2025 · House Feb 10, 2025

How they voted

35–0
Passed
Total votes 35
Feb 3, 2025
D Democratic3
3 Yea
100% Yea
R Republican32
32 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
15
Key actions
9
Committee
3
Feb 19, 2025
Signed into law
Signed by the Governor on 2025-02-19 S.J. 288
executive
Feb 12, 2025
Lower · Passed
Signed by the Speaker H.J. 271
lower
Feb 11, 2025
Lower · Passed
Signed by the President S.J. 241
lower
Feb 10, 2025
Lower · Passed
House of Representatives Do Pass , Passed, YEAS 64, NAYS 4 H.J. 240
lower
Feb 7, 2025
Lower · Passed
Certified uncontested, placed on consent , Passed,
lower
Feb 7, 2025
Lower · Passed
Commerce and Energy Do Pass , Passed, YEAS 12, NAYS 0
lower
Feb 4, 2025
Introduced
First read in House and referred to H.J. 185
lower
Feb 3, 2025
Upper · Passed
Senate Do Pass , Passed, YEAS 35, NAYS 0 S.J. 153
upper
Jan 30, 2025
Upper · Passed
Certified uncontested, placed on consent , Passed,
upper
Jan 30, 2025
Upper · Passed
Commerce and Energy Do Pass , Passed, YEAS 8, NAYS 0
upper
Jan 21, 2025
Committee
Referred to S.J. 63
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.