the property or funds of the State of South Dakota within the meaning of the Constitution or statutes
of the state.
Section 4. 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 this Act. However, any adjustments to construction cost estimates for any given project
may not exceed one hundred twenty-five percent of the estimated project construction cost state in
section 1 of this Act.
Section 5. The Building Authority and the Board of Regents may accept, transfer, and expend
any funds obtained for the projects authorized in this Act from federal sources or donations, all of
which comprise a special fund for the project or its debt service; 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 6. The Building Authority and the Board of Regents may combine the projects authorized
in this Act with the project authorized in subdivision (11) of section 3 of chapter 107 of the 2012
Session Laws if they find that doing so will serve the interests of efficiency and economy.
Section 7. 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 and the executive secretary of the
Building Authority shall approve vouchers and the state auditor shall draw warrants to pay
expenditures authorized by this Act.
I certify that the attached Act originated in the
SENATE as Bill No. 8
____________________________
Secretary of the Senate ____________________________
President of the Senate
Attest:
____________________________
Secretary of the Senate
____________________________
Attest:
____________________________
Chief Clerk
Senate Bill No. 8 File No. ____ Chapter No. ______ |
Received at this Executive Office this _____ day of _____________ ,
20____ at ____________ M.
By _________________________
for the Governor
The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________
Governor STATE OF SOUTH DAKOTA, ss.
Office of the Secretary of State
Filed ____________ , 20___
____________________________ Secretary of State
By _________________________ |