This bill amends South Dakota law to require legislative approval for long-term leases of real property necessary for state government operations. Specifically, it defines a "long-term lease" as any lease with an initial term exceeding fifteen years, where the total base rent exceeds $5,000,000 or $50,000 per month. The Bureau of Human Resources and Administration is tasked with obtaining legislative authorization in the form of a concurrent resolution before entering into such leases. The resolution must detail the maximum lease term, base rent, project description, and location.

Additionally, the bill stipulates that leases cannot be divided to circumvent these requirements, and any long-term lease entered without legislative approval is voidable by the attorney general. However, renewals or amendments to existing leases that do not exceed the specified limits are exempt from this requirement. The provisions of this Act will apply to long-term leases entered into on or after July 1, 2025.

Statutes affected:
Introduced, 01/30/2025: 1-33-9
Senate Appropriations Engrossed, 02/20/2025: 1-33-9
Enrolled, 03/06/2025: 1-33-9