5-29-16. Formation of research park corporations.
The Board of Regents may form one or more research park corporations, separate and apart from the state, to construct, finance, develop, maintain, and operate research parks or economic development initiatives that support the teaching, research, or service mission of the university system by expanding opportunities for South Dakota faculty members, researchers, and students to participate in the application of research results and technological innovations in commerce, government, or public service.
Source: SL 2012, ch 46, ยง16.
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.