SD SB225

Interest earnings from the unclaimed property trust fund will be redirected from the general fund to the commissioner of school and public lands for distribution to school districts

School districts will receive their share of funds on a pro rata basis according to their average daily membership (number of students) compared to total statewide student membership

The distribution amount equals 4% of the market value of the unclaimed property trust fund, calculated without invading principal

Updates terminology throughout the statute from "pupils" to "students" and clarifies that the fund's principal cannot be appropriated through general or special appropriation bills

Takes effect beginning fiscal year 2026, with the initial distribution based on the trust fund's market value as of December 31, 2025