State of South Dakota
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EIGHTY-EIGHTH SESSION LEGISLATIVE ASSEMBLY, 2013 |
400U0316 | HOUSE BILL NO. 1015 |
Introduced by: The Committee on Appropriations at the request of the Board of Regents
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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.