South Dakota § 9-27-36 Sale or lease of municipal real property for industrial development or public purposes--Terms of lease.

South Dakota Statutes

§ 9-27-36 — Sale or lease of municipal real property for industrial development or public purposes--Terms of lease.

South Dakota § 9-27-36

Title 9MUNICIPAL GOVERNMENT

Ch. 9-27ACQUISITION AND DISPOSITION OF REAL ESTATE

This text of South Dakota § 9-27-36 (Sale or lease of municipal real property for industrial development or public purposes--Terms of lease.) 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 § 9-27-36 (2026).

Text

Every municipality shall have power to lease or sell on a negotiated basis and to convey any of its real property to a county or the state or another municipality, or to a nonprofit local industrial development corporation as defined by § 9-27-37 and located therein, to be used by such grantee for an authorized public purpose or industrial development purpose as enumerated in § 9-54-1 . Such lease or sale shall be authorized on the terms and in the manner provided by resolution of the governing body.

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Every municipality shall have power to lease or sell on a negotiated basis and to convey any of its real property to a county or the state or another municipality, or to a nonprofit local industrial development corporation as defined by § 9-27-37 and located therein, to be used by such grantee for an authorized public purpose or industrial development purpose as enumerated in § 9-54-1 . Such lease or sale shall be authorized on the terms and in the manner provided by resolution of the governing body.