FOR AN ACT ENTITLED, An Act to authorize the Board of Regents to contract for the construction of an addition, remodeling, and renovation of Medary Commons on the campus of South Dakota State University 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 contract for the construction of an addition, comprising approximately four thousand square feet, and for attendant remodeling and renovation of Medary Commons, together with furnishings and equipment, including heating, air conditioning, plumbing, water, sewer, electric facilities, sidewalks, parking, landscaping, architectural and engineering services, asbestos abatement, and such other services or actions as may be required to accomplish the projects, all at an estimated cost of three million dollars.
    Section 2. There is hereby appropriated for the purposes authorized in this Act the sum of two million two hundred fifty thousand dollars ($2,250,000), or so much thereof as may be necessary, in other fund expenditure authority from South Dakota State University's existing maintenance and repair allocation within the higher education facilities fund for the construction of an addition, remodeling, and renovation of Medary Commons, and the sum of seven hundred

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.