South Dakota House Bill 1204 Creates School Construction Loan Fund

Original title: create the South Dakota school construction fund, provide for the transfer of moneys to the fund, and make an appropriation therefor.

Last action · February 26, 2026: TabledSponsors: Nicole Uhre-Balk and 5 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Proposed

House Bill 1204 establishes the South Dakota school construction loan fund to provide zero-interest loans to school districts for building construction and expansion, effective June 30, 2026. Administered by the Department of Education, the fund allocates thirty percent of its moneys to districts with four thousand or more students and seventy percent to all other districts. The measure transfers one dollar from the general fund to capitalize the new account.

Why it matters

School districts seeking state-backed construction loans face specific district-size, geographic, and capital-outlay eligibility requirements while repaying amounts over a twenty-year term.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Department of Education

The department administers the new loan fund, approves vouchers, uses up to one percent of loan principal for administrative expenses, and submits annual reports.

Directly affected

School districts

Eligible districts may apply for zero-percent interest loans to construct or expand school buildings subject to specific size, financial, and geographic criteria.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the maximum loan amount a school district can receive?

The amount of the loan may not exceed forty percent of the total cost of the construction or expansion project.

What is the interest rate on loans from the fund?

Any loan made by the department must be provided to the district at an interest rate of zero percent.

What else do you want to know?

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Where This Stands

This bill did not become law - Tabled in the House.

Procedural history

6 actions

Feb 26, 2026Joint Committee on Appropriations
Tabled
Feb 26, 2026Joint Committee on Appropriations
Motion to amend
Feb 26, 2026Joint Committee on Appropriations
Scheduled for hearing
Feb 12, 2026Joint Committee on Appropriations
Scheduled for hearing
Feb 2, 2026HouseCommittee
Referred to
Jan 29, 2026HouseIntroduced
First Reading House

Version history

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