South Dakota Codified Laws > Title 13 > Chapter 14 – Grants and Donations to Schools
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Terms Used In South Dakota Codified Laws > Title 13 > Chapter 14 - Grants and Donations to Schools
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2