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 leases cannot be divided into multiple agreements to circumvent these requirements. However, it allows for lease renewals or amendments that do not exceed the specified limits to be exempt from legislative approval. Any long-term lease executed without the necessary legislative authorization will be considered voidable by the attorney general. This legislation is set to 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