<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 1-53-28 - Operation, lease, and disposition of property purchased or acquired. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2032272Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2032272SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2032272CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2032272Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2032272DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2032272000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2032272SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2032272SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2032272Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-53-28"><span class="s2032272SENU">1-53-28</span></a><span xml:space="preserve" class="s2032272SENU">. </span><span class="s2032272CL">Operation, lease, and disposition of property purchased or acquired.</span></p><p dir="ltr" class="s2032272Normal-000000"><span xml:space="preserve" class="s2032272DefaultParagraphFont">The commissioner of the Governor's Office of Economic Development, with the approval of the Governor, is authorized and empowered to accept title to any property purchased or acquired pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-53-27"><span class="s2032272DefaultParagraphFont">1-53-27</span></a><span xml:space="preserve" class="s2032272DefaultParagraphFont">; to operate or lease such property for such period as may be deemed necessary to protect the investment therein; and to sell or otherwise dispose of such property in a manner consistent with the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-53-23"><span class="s2032272DefaultParagraphFont">1-53-23</span></a><span xml:space="preserve" class="s2032272DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-53-37"><span class="s2032272DefaultParagraphFont">1-53-37</span></a><span class="s2032272DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2032272Normal"><span xml:space="preserve" class="s2032272000001"> </span></p><p dir="ltr" class="s2032272Normal"><span class="s2032272SCL">Source:</span><span xml:space="preserve" class="s2032272SCL-000002"> SL 1951, ch 4, § 5; SDC Supp 1960, § 4.0119(3); SDCL § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=38-6-7"><span class="s2032272SCL-000002">38-6-7</span></a><span xml:space="preserve" class="s2032272SCL-000002">; SL 2019, ch 235 (Ex. Ord. </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=19-1"><span class="s2032272SCL-000002">19-1</span></a><span class="s2032272SCL-000002">), § 47, eff. Apr. 14, 2019.</span></p></div></body></html>