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HB 1016 revise the authority granted to the Building Authority and to ...
State of South Dakota  
NINETY-FIRST SESSION
LEGISLATIVE ASSEMBLY, 2016  

400X0288   HOUSE BILL   NO.  1016  

Introduced by:    The Committee on Appropriations at the request of the Board of Regents
 

        FOR AN ACT ENTITLED, An Act to revise the authority granted to the Building Authority and to the Board of Regents to construct certain improvements at South Dakota State University in Brookings and the University of South Dakota in Vermillion.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
    Section 1. That subdivision (9) of section 3 of chapter 107 of the 2012 Session Laws be amended to read:
            (9)    South Dakota State University Performing Arts Center expansion, not to exceed one hundred fifteen thousand gross square feet, for an estimated construction cost of thirty-three million one hundred three thousand seven hundred thirteen forty-eight million three hundred ninety-one thousand eight hundred seven dollars, of which no more than thirteen million dollars may be financed through the issuance of revenue bonds, with the remaining funds being drawn from donations, federal funds, or other funds as provided in section 8 of this Act;
    Section 2. That subdivision (11) of section 3 of chapter 107 of the 2012 Session Laws be amended to read:
            (11)    University of South Dakota science, health and research laboratory building, not to exceed eighty thousand gross square feet, for an estimated construction cost of thirty fifteen million dollars, of which no more than eight nine million six hundred ninety-five dollars may be financed through the issuance of revenue bonds, with the remaining funds being drawn from donations, federal funds, or other funds as provided in section 8 of this Act;
    Section 3. That subdivision (12) of section 3 of chapter 107 of the 2012 Session Laws be amended to read:
            (12)    University of South Dakota Patterson Hall renovation, for an estimated construction cost of six five million five hundred thousand dollars to be financed through the issuance of revenue bonds; and