South Dakota Voters Approve Amendment K, Empowering State Investment Council to Manage Unclaimed Property Funds
South Dakota voters approved Amendment K, a ballot question that will allow the State Investment Council to manage the state's unclaimed property money. This measure aims to invest the funds for higher returns, which will benefit the state budget and…
Sioux Falls, SD, November 4, 2026 —
South Dakota voters have approved Amendment K, a ballot measure that grants the State Investment Council the authority to manage the state’s unclaimed property funds. The passage of this amendment signifies a shift in how these assets will be handled, with the primary objective of generating higher financial returns.
The State Investment Council is now empowered to invest the accumulated unclaimed property money. Proponents of the measure stated that this move is intended to enhance the financial performance of these funds.
The anticipated outcome of this increased investment activity is a positive impact on the state budget. Additionally, other trust funds are expected to benefit from the potential for greater returns derived from the managed unclaimed property assets.
Specific details regarding the total amount of unclaimed property funds to be managed, the investment strategies to be employed by the State Investment Council, or the projected timeline for realizing these higher returns were not explicitly detailed in the information available following the vote.
The amendment’s approval allows the council to act on these funds, with the stated aim of improving their financial yield to support state initiatives and existing trust funds.
Story summarized from the original created by Seth Tupper, Meghan O’Brien on southdakotasearchlight.com, see more information here.
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