State of South Dakota
LEGISLATIVE ASSEMBLY, 2013
|400U0316||HOUSE BILL NO. 1015|
Introduced by: The Committee on Appropriations at the request of the Board of Regents
fifty thousand dollars ($750,000), or so much thereof as may be necessary, in other fund
expenditure authority from funds derived from student fees for the purpose of furnishing the
facility, for a total of three million dollars.
Section 3. The cost estimates contained in this Act have been stated in terms of 2012 values. The Board of Regents may adjust such cost estimates to reflect inflation as measured by the Building Cost Index, reported by the Engineering News Record, additional expenditures required to comply with regulations adopted after the effective date of this Act, or donations or federal funds received pursuant to section 4 of this Act. However, any adjustments to construction cost estimates for the project may not exceed one hundred twenty-five percent of the estimated project construction cost state in section 1 of this Act.
Section 4. The Board of Regents may accept, transfer, and expend any funds obtained for the projects authorized in this Act from federal sources or donations, unrestricted other fund transfers, or any other source, all of which comprise a special fund for the benefitted project; and all moneys deposited into that fund are hereby appropriated to the projects authorized by this Act in addition to the amounts otherwise authorized by this Act. However, the aggregate increases to the estimated project funds from such sources may not exceed one hundred twenty-five percent of the estimated project construction cost stated in section 1 of this Act.
Section 5. The administration of the design and construction of the projects authorized in this Act shall be under the general charge and supervision of the Bureau of Administration as provided in chapter 5-14. 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.