SDCL § 43-41B-24.4: Trust fund for unclaimed property--Administration--Purpose--Appropriation.

There is created in the state treasury the trust fund for unclaimed property. The fund consists of any net receipts from unclaimed property that exceed the maximum deposit requirements of § 43-41B-24.3.

The state treasurer shall administer the fund. The purpose of the fund is to provide for the return of unclaimed property, provide for the payment of audit expenses, and deposit into the general fund the distribution amount, in accordance with § 43-41B-24.5. Distribution amounts from the fund must be budgeted through the general appropriation bill as provided for in § 43-41B-24.5 or expended by special appropriation. Moneys comprising the principal amount in the trust fund for unclaimed property may not be appropriated by the general appropriation bill or by special appropriation.