AMENDMENT FOR PRINTED BILL
162jd

___________________ moved that SB 162 be amended as follows:


    On the printed bill, delete everything after the enacting clause and insert:

"    Section 1. That the code be amended by adding a NEW SECTION to read:

    It is in the public interest that the South Dakota Building Authority contract for the construction, completion, reconstruction, renovation, demolition, modernization, furnishing and equipping of facilities and related infrastructure at the State Animal Disease Research and Diagnostic Laboratory on the campus of South Dakota State University, including buildings, fixtures, plumbing, water, sewer, electric upgrades, domestic water treatment systems, site preparation, construction of facilities, improvements to the outside of the facilities, landscaping the grounds of the facilities, architectural, engineering, and bonding services. The South Dakota Building Authority may finance this project, including the issuance of revenue bonds not to exceed fifty-eight million six hundred thirty-nine thousand six hundred thirty-seven dollars, in accordance with this Act and chapter 5-12.

    Section 2. That the code be amended by adding a NEW SECTION to read:

    No indebtedness, bond, or obligation incurred or created authorized pursuant to sections 1 to 5, inclusive, of this Act may be or may become a lien, charge, or liability against the state, nor against the property or funds of the state within the meaning of the Constitution or laws of South Dakota.

    Section 3. That the code be amended by adding a NEW SECTION to read:

    The South Dakota Building Authority may accept any funds obtained from gifts, contributions, or other sources for the purposes stated in section 1 of this Act.

    Section 4. That the code be amended by adding a NEW SECTION to read:

    The Board of Regents may make and enter into a lease agreement with the South Dakota Building Authority and make rental payments under the terms of the lease agreement, pursuant to chapter 5-12, from the state animal disease research and diagnostic laboratory bond redemption and operations fund for the payment of rent to support the construction, completion, reconstruction, renovation, demolition, furnishing, and equipping of the project authorized in section 1 of this Act, and payment of revenue bonds issued pursuant to this Act.

    Section 5. That the code be amended by adding a NEW SECTION to read:

    Upon receipt of payment of the balance of rental payments made under the terms of any lease entered into pursuant to section 4 of this Act, the South Dakota Building Authority shall convey the leased property improvements at the State Animal Disease Research and Diagnostic Laboratory to South Dakota State University pursuant to § 5-12-15.

    Section 6. That the code be amended by adding a NEW SECTION to read:
    There is hereby created the state animal disease research and diagnostic laboratory bond redemption and operations fund. Interest earned on the money in the fund shall be deposited in the fund. The fund shall be administrated by the Board of Regents.



    Section 7. That the code be amended by adding a NEW SECTION to read:

    The state treasurer shall annually transfer an amount equal to sixty percent of the bond or lease payment required in section 4 of this Act from the revolving economic development and initiative fund, created by § 1-16G-3 to the state animal disease research and diagnostic laboratory bond redemption and operations fund for the purpose of section 1 of this Act.

    Section 8. That the code be amended by adding a NEW SECTION to read:

    Notwithstanding any other restriction in this Act to the contrary, the total project cost may be increased based on the receipts of grants or donations received pursuant to this Act. However, no adjustment to any cost estimates authorized by this Act may exceed one hundred twenty-five percent of the authorized expenditure authority stated in section 1 on this Act.

    Section 9. That the code be amended by adding a NEW SECTION to read:

    The Bureau of Administration, pursuant to chapter 5-14, shall supervise the design and construction of this project.

    Section 10. That the code be amended by adding a NEW SECTION to read:

     The executive director of the Board of Regents shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized by this Act.

    Section 11. That § 10-46E-9 be amended to read:

    10-46E-9. TheNinety percent of the revenue from the tax imposed by this chapter shall be deposited in the general fund. Ten percent of the tax imposed by this chapter shall be deposited in the state animal disease research and diagnostic laboratory bond redemption and operations fund. "