An Act to authorize the Board of Regents to demolish a South Dakota State University building and to make an appropriation therefor.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. The Board of Regents is hereby authorized to demolish, remove, and dispose of a structure known as the Wecota Annex, connected to the west side of Wecota Hall at South Dakota State University, and consisting of 21,288 square feet. This project includes demolition, abatement of asbestos or other such hazardous materials, the lawful disposal of the fixtures or rubble, enclosing the elevator and stair connection to Wecota Hall, utility termination, site restoration, and any other action reasonably necessary to complete the project, for an estimated cost of $800,000, subject to permitted adjustments pursuant to section 3 of this Act.

Section 2. There is hereby appropriated to the Board of Regents, for the purposes authorized in this Act, the sum of $800,000 in other fund expenditure authority, together with any additional sums received pursuant to section 4 of this Act, and permitted adjustments pursuant to section 3 of this Act.

Section 3. The cost estimates contained in this Act have been stated in terms of 2021 values. The Board of Regents may adjust the cost estimates to reflect project inflation as measured by the Building Cost Index, reported by the Engineering News Record, and additional expenditures required to comply with regulations adopted after the effective date of this Act, or additional sums received pursuant to section 4 of this Act. Any adjustments to demolition cost estimates for the project authorized in this Act may not exceed one hundred twenty-five percent of the estimated project cost stated in section 1 of this Act.

Section 4. The Board of Regents may accept, transfer, and expend any funds obtained for the project authorized in this Act from federal sources, donations, or any other external sources, all of which comprise a special fund for the benefitted project. All moneys deposited into that fund are hereby appropriated to the project authorized by this Act, in addition to the amounts otherwise authorized by this Act, subject to the limitations stated in sections 1 through 3, inclusive, of this Act.

Section 5. The executive director of the Board of Regents shall approve vouchers and the state auditor shall draw warrants to pay expenditures authorized by this Act.

Section 6. Any amounts appropriated in this Act not lawfully expended or obligated shall revert in accordance with the procedures prescribed in chapter 4-8.

Section 7. The administration of the project authorized in this Act shall be under the general charge and supervision of the Bureau of Administration as provided in chapter 5-14.