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SD HB1318
Bill
Status
Introduced
2/4/2026
Primary Sponsor
Julie Auch
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AI Summary
- Prohibits natural asset companies from operating, conducting business, or acquiring assets, easements, or other interests in South Dakota, defining them as SEC-listed entities that hold rights to ecological outcomes and primarily manage or restore natural assets such as arable soil, air quality, biodiversity, extractive resources, and water quality
- Bars the state from engaging in any direct or indirect business with natural asset companies that would grant them an interest in public land or state resources, and prohibits investment of any state moneys in their securities, mutual funds, or private placements
- Requires the Secretary of State to rescind business authority from any entity that becomes a natural asset company, revoke certificates of authority from foreign natural asset companies, and refuse to accept incorporation documents or filing fees from such entities
- Allows state agencies, political subdivisions, or private citizens adversely affected by violations to file suit in circuit court, with potential recovery of attorney fees and costs; any ownership interest acquired by a natural asset company automatically reverts to the prior owner
- Exempts the South Dakota Retirement System, the State Investment Council, and assets managed by the State Investment Council from the chapter's provisions; exemptions also apply to nonprofit organizations, privately held farms, and companies contracting with government to provide physical ecosystem management services
- Any contract with a natural asset company entered into on or after July 1, 2026, in violation of the chapter is void and unenforceable
Legislative Description
Prohibit natural asset companies.
Property
Last Action
Commerce and Energy Deferred to the 41st legislative day, Passed, YEAS 7, NAYS 6.
2/18/2026
Committee Referrals
Commerce and Energy2/5/2026
Full Bill Text
No bill text available