During the 2019 legislative session, legislators passed Senate Bill 90, which revised financial interest statement submission requirements for elected officials, and Gov. Kristie Noem signed the bill, which will bill be enacted on July 1.

 

The new law (3-1A-4) amends the financial interest statute affecting school board members of a school district with a total enrollment of more than 2,000 students.

 

The amended law still requires the board member to file a statement of financial interest setting forth any additions or corrections to any previous statement of financial interest filed pursuant to § 12-25-30 within 15-days of taking office, but REMOVES the requirement that the board member file the SAME report by January 1, each year they hold the office.

 

Essentially, the change in the law ensures a board member from a school district with a total enrollment of more than 2,000 students ONLY has to file an amended financial interest statement once, within the required time frame stated in the previous paragraph, each time they begin a new term.

 

ASBSD suggests referring any questions you may have related to compliance with the amended law to your local school district attorney.