South Dakota § 13-51-15 Long range financing plan required for improvements financed by private donations--Establishing endowments.

South Dakota Statutes

§ 13-51-15 — Long range financing plan required for improvements financed by private donations--Establishing endowments.

South Dakota·Title 13 EDUCATION·Ch. 13-50A FACILITIES AT STATE INSTITUTIONS

Where a capital improvement is to be primarily financed by private donations, the Board of Regents shall require the institution at which the construction will take place to develop a long - range financing plan to detail how the institution will fund projected operating, maintenance, and repair costs associated with the capital improvement. The board may require the establishment of endowments or the provision for the other nonstate fund revenue sources to cover projected operating, maintenance, or repair costs of privately donated academic buildings. The board shall require the establishment of endowments or the provision for other nonstate fund revenue sources to cover projected operating, maintenance, or repair costs of privately donated nonacademic buildings.

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Where a capital improvement is to be primarily financed by private donations, the Board of Regents shall require the institution at which the construction will take place to develop a long - range financing plan to detail how the institution will fund projected operating, maintenance, and repair costs associated with the capital improvement. The board may require the establishment of endowments or the provision for the other nonstate fund revenue sources to cover projected operating, maintenance, or repair costs of privately donated academic buildings. The board shall require the establishment of endowments or the provision for other nonstate fund revenue sources to cover projected operating, maintenance, or repair costs of privately donated nonacademic buildings.

South Dakota § 13-51-15 (Long range financing plan required for improvements financed by private donations--Establishing endowments.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.