South Dakota Codified Laws > Title 13 > Chapter 52 – Grants and Donations to State Institutions


§ 13-52-1	Acceptance and administration of gifts by regents–Application to specific purposes
§ 13-52-2	Certification by attorney general of freedom from obligations on state–Legislativeapproval required for gifts of real property and building funds
§ 13-52-3	Acceptance of federal gifts–Governor’s approval required–Buildings to be on realproperty owned by institution
§ 13-52-4	Acceptance and use of federal funds for operational purposes and improvements
§ 13-52-5	Acceptance and use of federal funds for student aid and special educationalprograms

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Bequest: Property gifted by will.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
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.
Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.