§ 5-24A-1 Definition of terms
§ 5-24A-2 Disposition of surplus property by Bureau of Administration
§ 5-24A-3 Declaration of surplus property required for disposition
§ 5-24A-4 Protection of surplus property prior to disposal
§ 5-24A-5 Requirements for disposition
§ 5-24A-6 Property with fair market value greater than one hundred dollars
§ 5-24A-7 Property with fair market value less than one hundred dollars
§ 5-24A-8 Surplus personal computer equipment
§ 5-24A-9 Disposal by agency or bureau
§ 5-24A-10 Fixed assets
§ 5-24A-11 Trade-in requirements
§ 5-24A-12 Hazardous materials
§ 5-24A-13 Retention and disposition of sales proceeds
§ 5-24A-14 Conveyance in the name of the state
§ 5-24A-15 Donations prohibited–Exception
§ 5-24A-16 Promulgation of rules regarding disposal of surplus property
§ 5-24A-17 Liquidation of State Cement Plant Commission property
§ 5-24A-18 Disbursement of proceeds from liquidation of State Cement Plant Commission property

Terms Used In South Dakota Codified Laws > Title 5 > Chapter 24A

  • Administrator: the director of property management for the Bureau of Administration. See South Dakota Codified Laws 5-24A-1
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Authorized entity: a political subdivision, school, Indian tribe, or any nonprofit educational or health institutions as determined under Section 501 of the Internal Revenue Code. See South Dakota Codified Laws 5-24A-1
  • Bureau: the Bureau of Administration. See South Dakota Codified Laws 5-24A-1
  • Cannibalization: to take salvageable parts from a disabled machine for use in building or repairing another machine. See South Dakota Codified Laws 5-24A-1
  • Disposed: the destruction, sale, transfer, trade in, discarding, or donation of state personal property. See South Dakota Codified Laws 5-24A-1
  • Fair market value: the price at which sales have been consummated for assets of like type, quality, and quantity in a particular market at time of acquisition. See South Dakota Codified Laws 5-24A-1
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fixed asset: personal property that has an expected life exceeding one year and has an initial purchase cost of five thousand dollars or more. See South Dakota Codified Laws 5-24A-1
  • Indian tribe: any government of any Indian tribe which is located either wholly or partially within the State of South Dakota and which has a constitution or a charter approved by the secretary of the Department of the Interior and which possesses the powers of self-government. See South Dakota Codified Laws 2-14-2
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Net disposal value: the fair market value less the expense of the most cost effective disposal method. See South Dakota Codified Laws 5-24A-1
  • Personal property: includes money, goods, chattels, things in action, and evidences of debt. See South Dakota Codified Laws 2-14-2
  • Personal property: all property which, due to its nature or physical characteristics, cannot be included within the scope or definition of real property. See South Dakota Codified Laws 5-24A-1
  • Proceeds: funds derived from the sale of surplus property. See South Dakota Codified Laws 5-24A-1
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Property manager: the chief administrative officer of the agency or an authorized agent. See South Dakota Codified Laws 5-24A-1
  • Public auction: either a tangible event at a public location, an electronic event which is advertised and made available to the public via the internet, or some other bid process which is advertised and made available to the public. See South Dakota Codified Laws 5-24A-1
  • Real property: is coextensive with lands, tenements, and hereditaments. See South Dakota Codified Laws 2-14-2
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: the State of South Dakota. See South Dakota Codified Laws 2-14-2
  • Surplus property: any item of personal property that is no longer needed by the owning agency. See South Dakota Codified Laws 5-24A-1
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
  • Year: a calendar year. See South Dakota Codified Laws 2-14-2