25.198.22 100th Legislative Session 29
2025 South Dakota Legislature
Senate Bill 29
ENROLLED
AN ACT
ENTITLED An Act to amend provisions regarding the Division of Insurance and the
former Division of Securities operating fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 4-4-4.3 be AMENDED:
4-4-4.3. There is established within the state treasury the insurance operating
fund, into which must be deposited all fees received by the Division of Insurance. All
moneys in the fund created by this section shall be budgeted and expended in accordance
with the provisions of Title 4 on warrants drawn by the state auditor on vouchers approved
by the secretary of the Department of Labor and Regulation. Expenditures from the fund
may be made only to pay the necessary expenses of purposes specified in chapters 37-
5B, 37-25A, 47-31B, and 47-33, and title 58.
Section 2. That § 4-4-4.4 be AMENDED:
4-4-4.4. At the end of each fiscal quarter, the treasurer shall transfer any cash
balance in excess of two hundred thousand dollars from the insurance operating fund to
the general fund. 25.198.22 2 29
SB29 ENROLLED
An Act to amend provisions regarding the Division of Insurance and the former Division of
Securities operating fund.
I certify that the attached Act originated in
the:
Senate as Bill No. 29
Secretary of the Senate
President of the Senate
Attest:
Secretary of the Senate
Speaker of the House
Attest:
Chief Clerk
Senate Bill No. 29
File No. ____
Chapter No. ______
Received at this Executive Office
this _____ day of _____________,
2025 at ____________M.
By
for the Governor
The attached Act is hereby
approved this ________ day of
______________, A.D., 2025
Governor
STATE OF SOUTH DAKOTA ,
ss.
Office of the Secretary of State
Filed ____________, 2025
at _________ o'clock __M.
Secretary of State
By
Asst. Secretary of State