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 prohibited from entering into such leases without prior authorization from the Legislature, which must be granted through a concurrent resolution detailing the lease's maximum term, base rent, project description, and location.

Additionally, the bill stipulates that any long-term lease must not be divided into multiple leases to circumvent these requirements. However, lease renewals or amendments that do not exceed the specified thresholds are exempt from this legislative approval process. Any long-term lease entered into without following these provisions will be voidable by the attorney general. The new requirements will take effect for 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