The resolution proposes an amendment to the South Dakota Constitution to establish a "trust for unclaimed property fund." This fund will be created within the state treasury and will receive net receipts from unclaimed property after the payment of claims and authorized expenses. Starting July 1, 2027, a portion of the interest and income generated by this trust fund will be distributed to the state’s general fund, with the distribution amount determined by law to ensure both growth of the trust and a steady increase in distributions.

The resolution also outlines specific conditions under which the principal and income of the trust fund can be diverted, including necessary payments for claims related to unclaimed property or legislative appropriations requiring a three-fourths majority vote. Additionally, the State Investment Council will be responsible for investing the trust fund in various financial instruments as permitted by law. The amendment will be submitted to voters for approval in the next general election.