ENTITLED, An Act to authorize the Board of Regents to purchase a structure for use by South Dakota School of Mines and Technology and to make an appropriation therefor.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

    Section 1. The Board of Regents may purchase from the South Dakota School of Mines and Technology Foundation an existing structure, comprising approximately four thousand two hundred square feet, that the South Dakota School of Mines and Technology Foundation purchased in 1996, moved onto campus, and renovated and equipped for use as a child care facility occupied by South Dakota School of Mines and Technology, pursuant to a lease which provided for the purchase of the facility, if approved by the Legislature, in consideration of accumulated lease payments, plus a lump sum payment of one dollar.

    Section 2. There is hereby appropriated the sum of one dollar ($1) in other fund expenditure authority to the Board of Regents for the purchase of the facility specified in section 1 of this Act.

    Section 3. 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 4. Any amounts appropriated in this Act not lawfully expended or obligated by June  30, 2014, shall revert in accordance with the procedures prescribed in chapter 4-8.

     Signed March 8, 2013

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