5-24A-13. Retention and disposition of sales proceeds.
Any money derived from the sale of public personal property shall be retained in a revolving account. This revolving account shall be used to pay the administrative expenses pertaining directly to the transportation, sale, and storage of surplus public personal property. Any money derived from the sale of property acquired by dedicated funds, internal service funds, or property inventoried by constitutional institutions, less the administrative expenses pertaining directly to the transportation, storage, and sale of such property shall be returned to the respective fund or institution. Any money derived from the sale of property not acquired by dedicated funds, internal service funds, or property inventoried by constitutional institutions, less the administrative expenses pertaining directly to the transportation, storage, and sale of the property, shall be paid to the state treasurer at the end of each fiscal year.
Source: SL 2008, ch 32, ยง13.
Structure South Dakota Codified Laws
Title 5 - Public Property, Purchases and Contracts
Chapter 24A - Disposal Of State Surplus Property
Section 5-24A-1 - Definition of terms.
Section 5-24A-2 - Disposition of surplus property by Bureau of Administration.
Section 5-24A-3 - Declaration of surplus property required for disposition.
Section 5-24A-4 - Protection of surplus property prior to disposal.
Section 5-24A-5 - Requirements for disposition.
Section 5-24A-6 - Property with fair market value greater than one hundred dollars.
Section 5-24A-7 - Property with fair market value less than one hundred dollars.
Section 5-24A-8 - Surplus personal computer equipment.
Section 5-24A-9 - Disposal by agency or bureau.
Section 5-24A-10 - Fixed assets.
Section 5-24A-11 - Trade-in requirements.
Section 5-24A-12 - Hazardous materials.
Section 5-24A-13 - Retention and disposition of sales proceeds.
Section 5-24A-14 - Conveyance in the name of the state.
Section 5-24A-15 - Donations prohibited--Exception.
Section 5-24A-16 - Promulgation of rules regarding disposal of surplus property.
Section 5-24A-17 - Liquidation of State Cement Plant Commission property.