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 purposes.
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:
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:
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:
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:
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.
An Act to authorize the Board of Regents to transfer certain real property to South Dakota State University Growth Partnership, Ltd. For research park purposes.
An Act to authorize the Board of Regents to transfer certain real property to South Dakota State University Growth Partnership, Ltd. For research park purposes.
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I certify that the attached Act originated in the
SENATE as Bill No. 103
____________________________
Secretary of the Senate ____________________________
President of the Senate
Attest:
____________________________
Secretary of the Senate
____________________________
Attest:
____________________________
Chief Clerk
Senate Bill No. 103 File No. ____ Chapter No. ______ |
Received at this Executive Office this _____ day of _____________ ,
20____ at ____________ M.
By _________________________
for the Governor
The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________
Governor STATE OF SOUTH DAKOTA, ss.
Office of the Secretary of State
Filed ____________ , 20___
____________________________ Secretary of State
By _________________________ |
