This bill authorizes the Department of Game, Fish and Parks to transfer a disused hydroelectric plant to the Spearfish Canyon Foundation for use as a historic preservation site museum or for another public purpose. The property, described as Lot A in HMC Lot 2 of the Spearfish Placer, encompasses approximately 3.75 acres in Lawrence County, South Dakota. The transfer will be executed through a special warranty deed, with the stipulation that the title will revert to the state if the property is not used for a public purpose for two consecutive years.

Additionally, the bill allows for the transfer of any personal property and improvements associated with the real property, even if they are not specifically detailed in the legal description. The conveyance of title must be executed in the name of the State of South Dakota, following the procedures outlined in existing law, and will be subject to all relevant constitutional and statutory reservations.