Title 5, PUBLIC PROPERTY, PURCHASES AND CONTRACTS

No portion of the net earnings realized by any research park corporation formed pursuant to § 5-29-16 may inure to any director or officer of the corporation or to any private entity or individual. Source: SL 2012, ch 46 , § 18.

No research park corporation formed pursuant to § 5-29-16 may be deemed an agency, public body, or other political subdivision of South Dakota, and no research park corporation formed pursuant to § 5-29-16 may borrow money secured by the State of South Dakota. Source: SL 2012, ch…

Terms as used in this chapter mean: (1) "Private party lessee or contractor," a business, a nonprofit corporation, or a research park corporation authorized by lease, contract, or agreement with the Board of Regents to construct, finance, operate, maintain, reconstruct, remodel, …

No research park corporation formed pursuant to § 5-29-16 is subject to statutes or rules regulating the conduct of public bodies, including those relating to personnel, procurement of goods and services, board meetings, disposition or acquisition of property, capital outlays, pe…

A research park corporation formed pursuant to § 5-29-16 shall have all rights, powers, and privileges granted to nonprofit corporations pursuant to Title 47 which are necessary and convenient to carry out and to effectuate the provisions of this chapter. Source: SL 2012, ch 46 ,…

The Board of Regents may utilize state lands under its control for the construction, development, maintenance, and operation of research parks. Source: SL 2012, ch 46 , § 3.

A research park authorized by this chapter may accommodate all kinds of facilities, laboratories, businesses, or organizations usually found at research parks affiliated with universities. Source: SL 2012, ch 46 , § 4.

If any lands used for purposes of a research park are determined to be subject to the school and public lands trust established pursuant to S.D. Const., Art. VIII, § 7, then: (1) A civil, state, religious, or public organization seeking to develop and to operate a research park m…

Any mineral rights to state lands on which a research park has been established shall be managed in a manner that does not unreasonably interfere with research park operations. Source: SL 2012, ch 46 , § 6; SL 2013, ch 30 , § 1.

Notwithstanding any other provision of law, including chapter 5-7 , the Board of Regents when approving a research park lease or sublease may lease such portions of the mineral interests reserved to the State of South Dakota in the lands occupied by the research park as may be ne…

The commissioner of school and public lands may not authorize the lease of mineral rights if exploitation of such rights would disturb the use of the research park, nor authorize construction of dams, canals, water ditches, or laterals if such structures would impair the use of t…

The Board of Regents may enter into any lease, contract, or agreement with a business, a nonprofit corporation, or a research park corporation to permit that entity, at its expense and risk, to construct, finance, maintain, and operate any research park established pursuant to th…