This bill amends existing laws regarding the preparation of fiscal notes for initiated measures and amendments to the South Dakota Constitution. It requires the director of the Legislative Research Council to notify petition sponsors if an initiated measure may impact state revenues, expenditures, or fiscal liabilities. The director must prepare a fiscal note that estimates these impacts for at least the first full fiscal year after the measure takes effect, including any effects on prison or county jail populations. The fiscal note is limited to fifty words and must be filed with the secretary of state and provided to sponsors within sixty days of receiving the final form of the measure.

Additionally, the bill introduces a new requirement for the director to review and potentially update the fiscal note if there are significant changes to the state budget or other factors after the measure is certified for the ballot. This updated fiscal note must also be filed with the secretary of state and provided to sponsors by August 1 of the election year. The bill further amends the process for the attorney general to prepare statements for proposed amendments and referred laws, ensuring that the most recent fiscal note is included on the ballot. Lastly, it repeals a previous section of law related to fiscal notes.

Statutes affected:
Introduced, 01/16/2025: 2-9-30, 12-13-9, 12-13-25.1, 2-9-30.1
Enrolled, 02/25/2025: 2-9-30, 12-13-9, 12-13-25.1, 2-9-30.1