41-4-7. Minimum price of timber sales--Sale to highest bidder--Rejection of bids and readvertisement.
No sale may be made under §§41-4-4 to 41-4-6, inclusive, unless the sum offered is at least ninety percent of the appraised value of the timber as fixed by the state forester, and all sales shall be made to the highest responsible bidder. The Department of Game, Fish and Parks may reject any bids and readvertise the sale if no bid is satisfactory, or if the department believes any agreement has been entered into by the bidders to prevent competition.
Source: SDC Supp 1960, §25.1308 as enacted by SL 1966, ch 73, §2; SL 1984, ch 276, §5; SL 2009, ch 206, §36.
Structure South Dakota Codified Laws
Title 41 - Game, Fish, Parks and Forestry
Chapter 04 - Land Acquisition And Management By State
Section 41-4-1.1 - Notice to landowner required prior to purchase of land.
Section 41-4-2 - Condemnation costs payable from departmental fund--Vouchers and warrants.
Section 41-4-4 - Procedure for timber sales.
Section 41-4-5 - Timber sales on sealed bids or at auction--Negotiated small sales.
Section 41-4-6 - Publication of notice of timber sales--Contents.
Section 41-4-9 - Reimbursement of lessees of state-owned land condemned by United States.