§ 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 Commissionproperty
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Terms Used In South Dakota Codified Laws > Title 5 > Chapter 24A - Disposal of State Surplus Property

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Personal property: All property that is not real property.
  • Personal property: includes money, goods, chattels, things in action, and evidences of debt. See South Dakota Codified Laws 2-14-2
  • 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.
  • 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.
  • 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