South Dakota § 13-39A-25 Provisions of lease-purchase agreements.

South Dakota Statutes

§ 13-39A-25 — Provisions of lease-purchase agreements.

South Dakota § 13-39A-25

Title 13EDUCATION

Ch. 13-38SOUTH DAKOTA BOARD OF TECHNICAL EDUCATION

This text of South Dakota § 13-39A-25 (Provisions of lease-purchase agreements.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 13-39A-25 (2026).

Text

A lease-purchase agreement authorized pursuant to § 13-39A-24 :

(1)Shall be approved by the governing body of the LEA;

(2)May provide for the simultaneous conveyance of existing facilities to be leased back with the improvements and other property being financed;

(3)May provide for all rights, title, and interest of the authority to be conveyed to the LEA or to the board upon payment or other discharge of the bonds issued therefor; and (4) May contain any other provision the authority and the board determine is necessary or appropriate to secure payment of amounts due under any agreement. No other provision of law may limit or otherwise restrict the power and authority of an LEA or the board to enter into a lease-purchase agreement or govern the procedure by which an agreeme

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A lease-purchase agreement authorized pursuant to § 13-39A-24 : (1) Shall be approved by the governing body of the LEA; (2) May provide for the simultaneous conveyance of existing facilities to be leased back with the improvements and other property being financed; (3) May provide for all rights, title, and interest of the authority to be conveyed to the LEA or to the board upon payment or other discharge of the bonds issued therefor; and (4) May contain any other provision the authority and the board determine is necessary or appropriate to secure payment of amounts due under any agreement. No other provision of law may limit or otherwise restrict the power and authority of an LEA or the board to enter into a lease-purchase agreement or govern the procedure by which an agreement is authorized.