5-2-2.2. Minimum cash price--Method of sale--Time, notice, and conduct of auction--Conveyance.
The sale of real property pursuant to §5-2-2.1 shall be made at not less than the full appraised value established by the commissioner of school and public lands, for cash at public auction or under the terms of an installment sale as provided pursuant to §5-9-10. The public auction shall be held not less than five days after the last of at least two publications of notice of the sale were published in at least three daily newspapers of the state, which publications of notice shall disclose all details relative to the sale. All such sales shall be conducted by the commissioner of school and public lands. Conveyance shall be made in the name of the State of South Dakota acting through the board or department involved in the transaction and executed in the manner provided by §5-2-11.
Source: SL 1976, ch 7, §3; SL 1985, ch 36, §1; SL 1989, ch 20, §53.
Structure South Dakota Codified Laws
Title 5 - Public Property, Purchases and Contracts
Chapter 02 - State-Owned Lands In General
Section 5-2-1 - Acquisition of options for additional lands for institutions.
Section 5-2-2.3 - Use of proceeds and interest from sale.
Section 5-2-2.4 - Lease of land by executive branch--Period of lease--Renewal--Amount.
Section 5-2-4 - State ownership of lake and river beds declared--Riparian owners protected.
Section 5-2-6 - Proceeds of sand and gravel contracts--Payment--Deposit.
Section 5-2-7 - Rules and conditions governing sand and gravel contracts.
Section 5-2-8 - Unauthorized taking of materials from lake or river beds as misdemeanor.
Section 5-2-9 - Enforcement of state's right to materials from lake and river beds.
Section 5-2-11.2 - Recording of affidavit.
Section 5-2-11.3 - Previously recorded affidavits validated.
Section 5-2-12 - Mineral reservation in leases and conveyances of state land.
Section 5-2-17 - Land sales within federal irrigation projects to conform to federal limitations.
Section 5-2-19 - Review process of property given to state.
Section 5-2-20 - Transfer of state's interest in Camp Lakodia to 4-H Foundation.