State of South Dakota
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NINETY-SECOND SESSION LEGISLATIVE ASSEMBLY, 2017 |
400Y0182 | HOUSE BILL NO. 1014 |
Introduced by: The Committee on Appropriations at the request of the Department of the
Military
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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:
Section 2. That the code be amended by adding a NEW SECTION to read:
days of written notice from the department of the department's intent to sell, transfer, or convey
the property or any portion thereof. For a period of ten years from the date of the purchase, the
seller has the right of first refusal and may purchase the property for the same price for which
the department is paying the seller. However, the price shall be adjusted for inflation using the
core consumer price index as published by the United States Bureau of Labor Statistics. After
the initial ten year period, the seller may exercise the seller's right of first refusal to purchase at
fair market value. If the seller does not exercise the right, by submitting a written offer to
purchase the portion of the property intended to be sold, transferred, or conveyed, within the one
hundred eighty days, the seller's right of first refusal terminates as to said portion. The right of
first refusal to purchase only applies to a sale, transfer, or conveyance of all of the department's
rights, title, and interest in the real property and does not apply to a grant or conveyance by the
department of a lesser interest including, without limitation, easements or leases. The seller's
right of first refusal to purchase may only be exercised by the seller and cannot be transferred
or assigned.
Section 3. There is hereby appropriated from the general fund the sum of three hundred sixty
thousand dollars ($360,000), or so much thereof as may be necessary, to the Department of the
Military for the purchase of the land specified in section 1 of this Act.
Section 4. The adjutant general of the Department of the Military shall approve vouchers and
the state auditor shall draw warrants to pay expenditures authorized by this Act.
Section 5. Any amounts appropriated in this Act not lawfully expended or obligated shall
revert in accordance with the procedures prescribed in chapter 4-8.
Section 6. Whereas, this Act is necessary for the support of the state government and its
existing public institutions, an emergency is hereby declared to exist, and this Act shall be in
full force and effect from and after its passage and approval.