§ 5-29-1 Legislative findings
§ 5-29-2 Definitions
§ 5-29-3 Research parks on state lands
§ 5-29-4 Accommodation of all kinds of facilities
§ 5-29-5 Lands subject to school and public lands trust
§ 5-29-6 Mineral rights
§ 5-29-7 Geothermal resources
§ 5-29-8 Structures and mineral leases may not disturb use of research park
§ 5-29-9 Authorized agreements
§ 5-29-10 Construction of agreements to permit only authorized uses
§ 5-29-11 Security for financing
§ 5-29-12 Lease period limit
§ 5-29-13 Commercially reasonable performance required–Enforcement and termination
§ 5-29-14 Title to improvements upon termination
§ 5-29-15 State not liable for research park debts
§ 5-29-16 Formation of research park corporations
§ 5-29-17 Board of directors appointed by Board of Regents
§ 5-29-18 Net earnings of research park corporation
§ 5-29-19 Research park corporation not a public body
§ 5-29-20 Research park corporation not subject to statutes and rules governing public bodies
§ 5-29-21 Research park corporation to have powers of nonprofit corporation

Terms Used In South Dakota Codified Laws > Title 5 > Chapter 29 - Research Parks

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Trustee: A person or institution holding and administering property in trust.