Bill > SB117

This bill authorizes the Board of Regents to contract for the planning, site preparation, construction, and equipping of a new soccer venue at South Dakota State University, with an estimated cost of $5,040,000. The bill appropriates $5,040,000 in "other fund expenditure authority," meaning it allows the Board to spend donated money and any additional funds received from external sources like federal grants or private donations. The cost estimate is based on 2026 values and can be adjusted for inflation and regulatory changes, but any increase cannot exceed 125% of the initial estimate. The bill also clarifies that no state funds or property will be encumbered by this project and places the general oversight of the design and construction under the Bureau of Human Resources and Administration. Finally, it declares an emergency, allowing the Act to take effect immediately upon passage and approval, as it is deemed necessary for the support of state institutions.

Budget and Finance

https://sdlegislature.gov/#/Session/Bill/26871