13-51-1.6. South Dakota State University Agricultural Experiment Station in Moody County.
The Board of Regents may enter into a lease-purchase agreement to acquire agricultural property in Moody County for the use and benefit of the South Dakota State University Agricultural Experiment Station. The lease may have a term not to exceed fifteen years, and an annual lease payment by the Board of Regents not to exceed one hundred twenty thousand dollars. The annual lease payment shall be authorized through the normal budgeting process and shall be made from other funds derived from grant and contract indirect recovery funds, royalty funds, and income from sales of services.
Source: SL 2015, ch 106, ยง1.
Structure South Dakota Codified Laws
Chapter 51 - Facilities At State Institutions
Section 13-51-1.1 - Authority of board to lease site for public higher education programs--Funding.
Section 13-51-1.4 - Government Operations and Audit Committee review.
Section 13-51-1.5 - Sioux Falls research park.
Section 13-51-1.6 - South Dakota State University Agricultural Experiment Station in Moody County.
Section 13-51-5 - Separate institutional funds in treasury for self-liquidating projects.
Section 13-51-8 - Federal concurrence in accounting procedures required.
Section 13-51-8.1 - Power to combine self-liquidating projects or facilities on institutional basis.
Section 13-51-9 - Eminent domain power for institutional purposes.
Section 13-51-10 - Resolution for condemnation of private property--Proceedings.
Section 13-51-11 - Protection from fire loss of buildings in construction.
Section 13-51-12 - Moving or disposal of certain structures authorized by regents.
Section 13-51-14 - Receipts from sale of temporary structures.
Section 13-51-16 - Real property transfer to South Dakota State University Growth Partnership, Ltd..
Section 13-51-17 - Real property to be used for research park.
Section 13-51-18 - Reversion of property to Board of Regents.