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Read. Follow. Verify.South Dakota tightens rules and reporting for Future Fund economic development grants
Last action · March 10, 2026: Signed by the GovernorSponsors: Taffy Howard and 6 others
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What This Bill Does
South Dakota law now requires businesses applying for grants to submit detailed business plans, sign reimbursement-only agreements, and provide itemized invoices for awards exceeding one million dollars. The Governor's Office of Economic Development must submit annual legislative reports detailing grant recipients, job creation, and fund balances.
Grant applicants face stricter spending documentation and clawback rules if they relocate or fail to meet performance benchmarks, while legislative committees gain direct oversight through mandatory annual reports.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Future Fund grant applicants
Applicants must submit detailed business plans, sign reimbursement-only agreements, provide itemized invoices for large awards, and comply with new performance rules.
Legislative committees
Six legislative committees receive detailed annual reports on all grant awards, job creation metrics, and fund balances, with authority to summon the commissioner for questioning.
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 documentation must a business provide when applying for a Future Fund grant?
What happens if a grant award exceeds one million dollars?
Which legislative committees receive the annual report on fund expenditures?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
14 actions- Mar 10, 2026HouseEnrolledSigned by the Governor
- Mar 9, 2026HouseEnrolledDelivered to the Governor
- Mar 5, 2026SenateSigned by the President
- Mar 4, 2026HouseSigned by the Speaker
- Mar 3, 2026SenateCommitteeDo Pass Amended
- Mar 2, 2026SenateCommitteeDo Pass
Show 8 earlier actions
- Mar 2, 2026SenateScheduled for hearing
- Feb 20, 2026SenateCommitteeReferred to
- Feb 19, 2026SenateIntroducedFirst Reading Senate
- Feb 18, 2026HouseCommitteeDo Pass Amended
- Feb 11, 2026HouseCommitteeDo Pass Amended
- Feb 11, 2026HouseMotion to amend
- Feb 11, 2026HouseScheduled for hearing
- Feb 4, 2026HouseIntroducedFirst read in House and referred to
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Voting Record
Do Pass Amended
Total
70
- Yes
- 63
- No
- 4
- Present
- 0
- Not voting
- 0
- Abstain
- 0
- Other positions
- 3
How they voted (1)
Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
sdlegislature.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz25Current news / social attention level
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