South Dakota § 5-14-22 Sale or lease of real property for public purpose or industrial development--Authorization of lease--Legislature to approve sales.

South Dakota Statutes

§ 5-14-22 — Sale or lease of real property for public purpose or industrial development--Authorization of lease--Legislature to approve sales.

South Dakota § 5-14-22

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-13PUBLIC BUILDINGS AND IMPROVEMENTS

This text of South Dakota § 5-14-22 (Sale or lease of real property for public purpose or industrial development--Authorization of lease--Legislature to approve sales.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 5-14-22 (2026).

Text

The state may lease or sell on a negotiated basis and convey any of its real property to a municipality or county, or to a nonprofit local industrial development corporation as defined by § 5-14-23 and located therein, to be used by such grantee for an authorized public purpose or industrial development purpose as enumerated in § 9-54-1 . The lease shall be authorized on the terms and in the manner provided by the Legislature. Each sale is subject to approval by an act of the Legislature.

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The state may lease or sell on a negotiated basis and convey any of its real property to a municipality or county, or to a nonprofit local industrial development corporation as defined by § 5-14-23 and located therein, to be used by such grantee for an authorized public purpose or industrial development purpose as enumerated in § 9-54-1 . The lease shall be authorized on the terms and in the manner provided by the Legislature. Each sale is subject to approval by an act of the Legislature.