South Dakota 2024 Regular Session

South Dakota Senate Bill SB111

Introduced
1/22/24  
Refer
1/22/24  
Report Pass
1/30/24  
Engrossed
2/1/24  
Refer
2/2/24  
Report Pass
2/22/24  
Enrolled
2/23/24  

Caption

Revise requirements for mining and mineral exploration.

Impact

The enactment of SB111 is poised to significantly impact the landscape of mining regulation within the state. By revising the surety thresholds, it necessitates that operators have more substantial financial assurances in place for reclamation efforts. This policy shift reflects a growing emphasis on environmental protections and responsible resource extraction practices, ensuring that any mining activities do not leave lasting damage on the state's natural resources.

Summary

Senate Bill 111 aims to revise the existing requirements for mining and mineral exploration in South Dakota. The bill introduces new surety amounts that mining operators must secure based on their land usage and the timeline of their licenses. For existing operations licensed before July 1, 2024, the surety values are set to incrementally increase from $500 to $3850 per acre of affected land by 2029, emphasizing a structured approach to ensure operators can cover the costs associated with land reclamation.

Sentiment

The sentiment surrounding SB111 appears to be largely supportive among legislative members who advocate for stricter environmental regulations and responsible mining practices. Proponents argue that the increased surety requirements will enhance accountability and protect public lands. However, there are concerns from some industry operators about the financial burden these new requirements may impose on smaller enterprises, which could impede their ability to operate or expand in the state.

Contention

Notable points of contention arise from the balance between ensuring state environmental standards are met and maintaining a conducive environment for mining businesses. Some legislators express that while the bill serves to protect the environment, it may also unintentionally create barriers to mining operations, leading to discussions about the right levels of financial assurance needed without stifling industry growth. The overarching debate encapsulates the delicate balance between economic development and environmental stewardship.

Companion Bills

No companion bills found.

Previously Filed As

SD SB24

Revise property tax levies for school districts and to revise the state aid to general and special education formulas.

SD HB1042

Update additional charges allowed for mailing decals and plates and to declare an emergency.

SD HB1072

Subject lithium to severance tax.

SD SB26

Transfer a property tax relief program, to change income requirements for certain property tax relief programs, and to index certain income schedules to inflation.

SD HB1015

Update provisions related to the licensure of funeral directors and the provision of funeral services.

SD SB141

Clarify and modernize cremation requirements and procedures.

SD SB209

Authorize sports wagering in certain licensed alcoholic beverage retailer establishments.

SD SB33

Amend an appropriation for the revised construction costs of the Mineral Industries Building at the School of Mines and Technology, and to declare an emergency.

SD SB43

Revise certain provisions regarding money transmission.

SD SB139

Revise residency requirements for the purposes of voter registration.

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