The Except as otherwise provided in this section, the moneys of the common11 school permanent fund and other educational funds shall be invested by the State Investment12 Council, in accordance with the provisions of pursuant to § 4-5-27. The commissioner of school and public lands may utilize the sales proceeds credited to the real property acquisition account for the acquisition of real property located in this state, subject to the approval of the Governor. 100 copies were printed on recycled paper by the South DakotaLegislative Research Council at a cost of $.167 per page.v Insertions into existing statutes are indicated by underscores.Deletions from existing statutes are indicated by overstrikes. - 2 -SB The purchase price of any real property acquired in this manner may not exceed the appraised price, as determined by the Board of Appraisal, pursuant to § 5-9-3. The State Investment Council shall invest any moneys in the real property acquisition account that have not been utilized for the acquisition of real property. Interest and income from the account shall be allocated to the appropriate interest and income distribution accounts.