5-29-12. Lease period limit.
No lease granted pursuant to this chapter may have a duration exceeding ninety-nine years.
Source: SL 2012, ch 46, ยง12.
Structure South Dakota Codified Laws
Title 5 - Public Property, Purchases and Contracts
Section 5-29-1 - Legislative findings.
Section 5-29-3 - Research parks on state lands.
Section 5-29-4 - Accommodation of all kinds of facilities.
Section 5-29-5 - Lands subject to school and public lands trust.
Section 5-29-6 - Mineral rights.
Section 5-29-7 - Geothermal resources.
Section 5-29-8 - Structures and mineral leases may not disturb use of research park.
Section 5-29-9 - Authorized agreements.
Section 5-29-10 - Construction of agreements to permit only authorized uses.
Section 5-29-11 - Security for financing.
Section 5-29-12 - Lease period limit.
Section 5-29-13 - Commercially reasonable performance required--Enforcement and termination.
Section 5-29-14 - Title to improvements upon termination.
Section 5-29-15 - State not liable for research park debts.
Section 5-29-16 - Formation of research park corporations.
Section 5-29-17 - Board of directors appointed by Board of Regents.
Section 5-29-18 - Net earnings of research park corporation.
Section 5-29-19 - Research park corporation not a public body.
Section 5-29-21 - Research park corporation to have powers of nonprofit corporation.