revise a provision related to theft by a contractor, subcontractor, or supplier.

Summary

The bill updates South Dakota’s theft statute to make it a crime when a contractor, subcontractor, or supplier spends more than $500 of a payment for anything other than labor, materials, or equipment on a real‑estate, mine, or public‑utility improvement. It also clarifies that holding back payment until work is finished is not a violation. Violators face the penalties already set out in the state’s theft statutes.

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