5-5-29. Deposit by new lessee or purchaser to cover improvements--Election by owner to remove improvements.
If any permitted improvement is located on any school or endowment land and the land has been offered for lease or sale and a person other than the owner of the improvement is the highest bidder, the bidder shall deposit with the county auditor a receipt showing payment of the amount due before the lease or sale is made. In addition, the highest bidder shall deposit with the county treasurer an amount equal to the appraised value of each improvement as determined by the board of appraisal or an amount agreed between the successful bidder and the owner of the improvement. The owner of the improvement may elect to remove the improvement.
Source: SL 1917, ch 339, §19; RC 1919, §5651; SL 1923, ch 254; SDC 1939, §15.0416; SL 1971, ch 29, §1; SL 2018, ch 45, §1.
Structure South Dakota Codified Laws
Title 5 - Public Property, Purchases and Contracts
Chapter 05 - Agricultural And Grazing Leases Of School And Public Lands
Section 5-5-1 - Definition of terms.
Section 5-5-2 - Definition of "agricultural purposes.".
Section 5-5-3 - Designation of lands to be leased--Establishment of regulations.
Section 5-5-4 - Leases to be at public auction after notice--Maximum tract.
Section 5-5-5 - Publication of notice of leasing auction.
Section 5-5-6 - Conduct, time, and place of leasing auction--Commissioner to conduct auction.
Section 5-5-6.1 - Minimum rental rate for agricultural lands.
Section 5-5-10.1 - Appraisal of grazing lands--Definition of terms.
Section 5-5-10.2 - Commissioner's duty concerning appraisals and records.
Section 5-5-10.3 - Factors considered in appraisals of grazing lands.
Section 5-5-10.4 - Minimum annual rental for grazing lands--Formula.
Section 5-5-16 - Rent payable annually in advance to commissioner.
Section 5-5-18 - Agricultural lessee to clear weeds and pests.
Section 5-5-19 - Waste and burning on leased lands prohibited--Action for forfeiture and damages.
Section 5-5-21 - Action to enforce prohibition against subletting--Disposition of proceeds.
Section 5-5-25 - Notice to lessee of expiration of lease--Rental rate for extension.
Section 5-5-30 - Application by owner of improvements for appraisal--Deposit for cost of appraisal.
Section 5-5-32 - Acceptance or rejection of appraisal.
Section 5-5-33 - Hunting in crops on school and public lands prohibited--Exception.