The proposed joint resolution seeks to amend the Constitution of South Dakota by prohibiting the transfer of private property to non-governmental entities solely for the purposes of economic development or increasing tax revenue. This amendment aims to ensure that eminent domain cannot be exercised for such transfers unless there is a clear public use, purpose, or utility involved. The resolution emphasizes the importance of just compensation for property taken or damaged, as determined by legal procedures established by the Legislature.

If approved by voters in the next general election, the amendment will modify Article VI, Section 13 of the South Dakota Constitution. It will clarify that while private property may be taken for public use, it cannot be transferred to private entities without a legitimate public benefit. Additionally, any potential benefits to the property owner resulting from improvements made by private corporations will not be factored into the compensation for the property taken or damaged.