Printer FriendlySB 103 authorize the Board of Regents to transfer certain real propert...
State of South Dakota
LEGISLATIVE ASSEMBLY, 2016
SENATE BILL NO. 103
Introduced by: Senators Tidemann, Brown, Haverly, and Peters and Representatives
Mickelson, Bolin, Dryden, Hawley, Munsterman, and Werner
FOR AN ACT ENTITLED, An Act to authorize the Board of Regents to transfer certain real
property to South Dakota State University Growth Partnership, Ltd. for research park
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That the code be amended by adding a NEW SECTION to read:
Notwithstanding any provisions of law to the contrary, upon the request of the Board of
Regents and the Governor, the Commissioner of School and Public Lands shall transfer title to
up to twenty-five acres of the following real estate located in Brookings County and any related
personal property and improvements located on the property, to South Dakota State University
Growth Partnership, Ltd.:
Lots 1 to 32, Lots A to E and Road Right of Ways, All in Block 1 of SDSU
Innovation Campus Addition to the Northwest Quarter (NWl/4) of Section Nineteen
(19), subject to Lots H-3, H-4 and P-l thereof, in Township One Hundred and Ten
(110) North, Range Forty-nine (49) West of the 5th P.M., in the City of Brookings,
Brookings County, South Dakota, according to the recorded plat thereof.
Section 2. That the code be amended by adding a NEW SECTION to read:
Any transfer of real property pursuant to section 1 of this Act shall be contingent on the land
being used for the activities of a primary tenant of a research park, as defined by § 5-29-2.
Section 3. That the code be amended by adding a NEW SECTION to read:
Should any real property transferred pursuant to section 1 of this Act cease to be used for
two consecutive years for the purpose stated in section 2 of this Act, the title to such real
property and any related personal improvements located on the property shall revert to the Board
of Regents for the use and benefit of South Dakota State University.
Section 4. That the code be amended by adding a NEW SECTION to read:
Any deed transferring title pursuant to section 1 of this Act shall contain the restrictions
necessary to effectuate the requirements of sections 2 and 3 of this Act and § 5-2-12.