(HB 1025)
Building authorization for the Board of Regents.
Section
1.
It is in the public interest that the South Dakota Building Authority contract for the
construction, completion, furnishing, equipping, and maintaining of, including heating, air
conditioning, plumbing, water, sewer, electric facilities, sidewalks, parking, landscaping,
architectural and engineering services, asbestos abatement, removal of existing roofing and
structures, and such other services or actions as may be required to accomplish the projects
enumerated in section 3 of this Act, all at the estimated cost of one hundred million eight hundred
thousand dollars. The South Dakota Building Authority may finance up to sixty-five million one
hundred thousand dollars of the construction costs through the issuance of revenue bonds, in
accordance with this Act and chapter 5-12.
Section
2.
In addition to those projects approved in section 1 of this Act, the Board of Regents
may contract for the construction, completion, furnishing, equipping, and maintaining of, including
heating, air conditioning, plumbing, water, sewer, electric facilities, architectural and engineering
services, asbestos abatement, removal of existing roofing and structures, and such other services
as may be required to accomplish the projects enumerated in section 4 of this Act, all at the
estimated cost of one million sixty-eight thousand eight hundred and nine dollars.
Section
3.
The projects authorized in section 1 of this Act, to be financed, in whole or in part,
through the issuance of revenue bonds by the South Dakota Building Authority, are the following:
Section
6.
All cost estimates contained in this Act have been stated in terms of 2004 values.
The Building Authority and 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. The amount
of bonded indebtedness authorized in section 1 of this Act is not subject to such adjustment.
Section
7.
No indebtedness, bond, or obligation incurred or created under the authority of this
Act may be or may become a lien, charge, or liability against the State of South Dakota, nor against
the property or funds of the State of South Dakota within the meaning of the Constitution or statues
of the state.
Section
8.
The Building Authority and the Board of Regents may accept, transfer, and expend
any property or funds obtained for these purposes from federal sources, gifts, contributions, or any
other source, all of which shall be deemed appropriated to the projects authorized by this Act in
addition to the amounts otherwise authorized by this Act.
Section
9.
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, or their designees, shall approve vouchers and the state auditor shall draw
warrants to pay expenditures authorized by this Act.
Section
10.
The Board of Regents may make and enter into a lease agreement with the Building
Authority and make rental payments under the terms thereof, pursuant to chapter 5-12, from the
higher education facilities fund for the purposes of this Act.
Section
11.
That subdivision (9) of section 3 of chapter 95 of the 2001 Session Laws be
repealed.
Section
12.
That subdivision (2) of section 4 of chapter 95 of the 2001 Session Laws be
repealed.
Section
13.
That subdivision (5) of section 4 of chapter 95 of the 2001 Session Laws be
repealed.
Section
14.
Notwithstanding any other provision of state law, no money appropriated from the
state general fund, nor appropriated for statewide maintenance and repair, may be used to finance
the maintenance and repair of the facilities authorized in section 3 or subdivision (1) of section 4
of this Act.