South Dakota § 49-34A-53.1 Purchase of facilities in territory annexed after July 1, 1975--Time limit--Determination of gross revenue.

South Dakota Statutes

§ 49-34A-53.1 — Purchase of facilities in territory annexed after July 1, 1975--Time limit--Determination of gross revenue.

South Dakota § 49-34A-53.1

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-32AGAS AND ELECTRIC UTILITIES REGULATION

This text of South Dakota § 49-34A-53.1 (Purchase of facilities in territory annexed after July 1, 1975--Time limit--Determination of gross revenue.) 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 § 49-34A-53.1 (2026).

Text

Any municipality that has annexed territory subsequent to July 1, 1975, and that did not elect to purchase the facilities in such territory pursuant to the provisions of §§ 49-34A-49 to 49-34A-52 , inclusive, may, within two years from July 1, 1992, elect to purchase the facilities in such annexed territory subject to the provisions of §§ 49-34A-49 and 49-34A-50 , except that gross revenues received shall be determined by applying the rate in effect by the purchasing municipality at the time of purchase. Any municipality which chooses not to purchase such facilities within the two - year period is precluded from thereafter purchasing such facilities, except pursuant to the provisions of § 49-34A-55 .

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Any municipality that has annexed territory subsequent to July 1, 1975, and that did not elect to purchase the facilities in such territory pursuant to the provisions of §§ 49-34A-49 to 49-34A-52 , inclusive, may, within two years from July 1, 1992, elect to purchase the facilities in such annexed territory subject to the provisions of §§ 49-34A-49 and 49-34A-50 , except that gross revenues received shall be determined by applying the rate in effect by the purchasing municipality at the time of purchase. Any municipality which chooses not to purchase such facilities within the two - year period is precluded from thereafter purchasing such facilities, except pursuant to the provisions of § 49-34A-55 .