Any school board shall have authority to lease equipment, teacherages, buildings, or other real estate and personal property for a period of not to exceed thirty years. The proposed aggregate lease payments provided for under a lease agreement shall be subject to the statutory bid requirements.
S.D. Codified Laws § 13-24-10
Maximum term of leases of school property--Bid requirements
Source: SDC Supp 1960, § 15.2105 as added by SL 1963, ch 74, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.