South Dakota Administrative Rules
Title 10 - Bureau of Administration
Article 10:02 - Central services
Chapter 10:02:01 - Public property
Section 10:02:01:03 - Manner of sale of property - Notice

Universal Citation: SD Admin Rules 10:02:01:03
Current through Register Vol. 51, page 43, September 23, 2024

The property described in § 10:02:01:02 shall be sold only for cash either by offer at public auction or through sealed bids. The sealed bids or final offer shall be in writing. The final offer or the bid which is accepted shall be filed in the Department of Transportation in Pierre. Before any sale is made, except sales to other agencies, departments, or political subdivisions of the state, the Department of Transportation shall publish notice of the sale in three newspapers of general circulation in the state most likely to provide notice to interested persons once each week for the two successive weeks just before the day on or after which the sale is to be made. The notice shall state the day on or after which the sale is to be made and the location where the auction will be held or the place where sealed bids will be received. The day stated shall be at least 15 days after the first publication of notice. The right to reject any bid is reserved. The sale may not be made before the day set and shall be made within 60 days after the day set. However, any sale made pursuant to § 10:02:01:07 is not restricted to the 60-day limit.

General Authority: SDCL 31-2-27.

Law Implemented: SDCL 31-2-27.

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