Title 5 — PUBLIC PROPERTY, PURCHASES AND CONTRACTS

The income from the leased lands of each class of school and public lands and the interest on the permanent fund of that class shall be assigned by the state treasurer to a fund to be known as the interest and income fund of such class. However, the income from any commercial lea…

The commissioner of school and public lands shall deposit revenue collected for state endowed institutions under the control of the Board of Regents, pursuant to § 5-10-1 and chapters 10-4 and 10-6 , in the Board of Regents endowed institution interest and income fund, created by…

5-10-11 5-10-11 , 5-10-12. Repealed by SL 1982, ch 53 , §§ 4, 5. 5-10-13 5-10-13 , 5-10-14. Repealed by SL 1988, ch 49 , §§ 6, 7. 5-10-15

5-10-16 Delivery of payment by lessee or purchaser to state treasurer. 5-10-17 Credit to school and endowment fund. 5-10-18 Investment of permanent school funds. 5-10-18.1 5-10-18.1 , 5-10-18.2. Repealed by SL 2001, ch 26 , §§ 7, 8. 5-10-18.3 Adjusting funds by rate of inflation-…

Upon receipt of payment by a lessee or purchaser, if remitted in the proper form and in the proper amount, the commissioner of school and public lands shall forthwith deliver the payment to the state treasurer with instructions as to the fund to be credited. Source: SL 1945, ch 6…

The state treasurer shall, upon receipt, credit such business receipts to the state school and endowment fund. Source: SL 1973, ch 37 , § 1.

The moneys of the common school permanent fund and other educational funds shall be invested by the State Investment Council, in accordance with the provisions of §

In adjusting the principal of the common school permanent fund and other educational and charitable funds by the rate of inflation pursuant to Article VIII, Section 3 of the South Dakota Constitution, the State Investment Council shall proceed as follows: (1) The inflation adjust…

5-10-3 Accounts and records maintained by commissioner. 5-10-4 Supervision by commissioner of collections, apportionment, and distribution of funds. 5-10-5 Annual statement to counties of sale and lease payments coming due. 5-10-6 Apportionment among counties and institutions of …

Whenever any real property is sold to satisfy a judgment in favor of the state in any action relating to the school and public lands, it shall be the duty of the commissioner of school and public lands to represent the state as a bidder at such sale and, if he shall purchase such…

The maximum price which the commissioner of school and public lands shall bid for any such property at any such sale shall be determined by an appraisement, to be made in the same manner that the school and public lands of the state are by law required to be appraised, but such p…

All money received as the proceeds of any such sales, or in satisfaction of any judgment obtained in favor of the state in any such action shall be paid to the state treasurer and by him be divided and apportioned according to law. Source: SL 1911, ch 224 , § 85; RC 1919, § 5715;…

The commissioner of school and public lands shall keep an accurate account of all money due or to become due the state on account of sales and leases of school and public lands and the interest arising from the loaning of the permanent school fund. Source: SL 1911, ch 224 , §§ 38…

5-10-33

5-10-34 Reporting status of common school interest and income fund and status of common school apportionment.

The commissioner of school and public lands shall report the status of the common school interest and income fund to the superintendents of the common schools on a quarterly basis. The commissioner of school and public lands shall report the status of the common school apportionm…

The commissioner of school and public lands shall have supervision of the collection of all money due the state for the purposes aforesaid, and of the apportionment and distribution of such funds to the several counties and public institutions of the state. Source: SL 1911, ch 22…

The commissioner of school and public lands shall on or before the fifteenth day of December of each year furnish to the treasurer of each county a full statement of the principal and interest on sales and rental on term leases falling due in such county on the first day of Janua…

The commissioner of school and public lands, after any adjustments that have been made pursuant to § 5-10-18.3 , shall make a division and apportionment of all funds derived from the leasing of school and public lands, from interest, dividends, and other income on all invested fu…

The county treasurer shall, for all money paid to him by any lessee or purchaser, execute triplicate receipts, and shall deliver one receipt to the person paying the same, transmit one receipt and the accompanying payment to the commissioner of school and public lands, not later …