13-51-1.3. Sioux Falls site for instructional, research, and service programs--Limitations on use.

The expenditures authorized by chapter 106 of the 2006 Session Laws must be solely for the purposes of providing a site for the operation of instructional, research, and service programs delivered through institutions established by the Legislature and governed by the Board of Regents. The Board of Regents may only use the property for the primary purpose of education or research. It is the intent of the Board of Regents and the Eighty-first Legislature that the Board of Regents may not without express legislative authorization:

(1)    Organize the programs delivered at this site into a separate degree-granting institution;

(2)    Erect student residence facilities on the site;

(3)    Construct facilities on the site for use as intercollegiate athletic practice or competition;

(4)    Establish intercollegiate athletic teams at the site;

(5)    Sell any portion of the property acquired pursuant to chapter 106 of the 2006 Session Laws unless the property is appraised and advertised and offered for sale at public auction. No portion of the property may be sold except at public sale and for an amount less than the appraised value;

(6)    Lease for nonagricultural purposes more than ten percent of the surface area of the property to third parties;

(7)    Lease to third parties more than ten percent of the useable space within any building constructed with state funds appropriated by the Legislature; or

(8)    Permit any free-standing commercial facility to be constructed on the property or any commercial facility to be located within any building constructed with state funds unless the commercial facility is reasonably needed to meet the convenience and needs of the students and instructors using the building.

Source: SL 2006, ch 106, § 3, eff. Mar. 8, 2006; SL 2022, ch 47, § 1.