Section 5-29-8 – Structures and mineral leases may not disturb use of research park.
5-29-8. Structures and mineral leases may not disturb use of research park. 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 […]
Section 5-29-9 – Authorized agreements.
5-29-9. Authorized agreements. 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 this chapter. Source: SL 2012, ch 46, §9.
Section 5-29-10 – Construction of agreements to permit only authorized uses.
5-29-10. Construction of agreements to permit only authorized uses. No lease, contract, or agreement may be construed to authorize the private party lessee or contractor, or any subtenant, creditor, trustee, receiver, lien holder, heir, assignee, or other party claiming an interest or right through such private party lessee or contractor, to use or to permit […]
Section 5-29-11 – Security for financing.
5-29-11. Security for financing. The lease, contract, or agreement may permit the private party lessee or contractor, or other parties claiming an interest or right through them, to pledge for commercially reasonable periods of time such rights of use or occupancy as may be possessed in order to obtain financing. However, no such pledge impairs […]
Section 5-29-12 – Lease period limit.
5-29-12. Lease period limit. No lease granted pursuant to this chapter may have a duration exceeding ninety-nine years. Source: SL 2012, ch 46, §12.
Section 5-29-3 – Research parks on state lands.
5-29-3. Research parks on state lands. 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.
Section 5-29-4 – Accommodation of all kinds of facilities.
5-29-4. Accommodation of all kinds of facilities. 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.
Section 5-29-5 – Lands subject to school and public lands trust.
5-29-5.Lands subject to school and public lands trust. 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 […]
Section 5-29-6 – Mineral rights.
5-29-6. Mineral rights. 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.
Section 5-29-1 – Legislative findings.
5-29-1. Legislative findings. The Legislature finds that to increase research and technology- related economic activity in South Dakota and to expand the opportunities for South Dakota faculty members, researchers, and students to participate in the application of research results and technological innovations in commerce, government, or public service, it is critically important to encourage research […]