S.D. Codified Laws § 46A-2-16
This is the official text of S.D. Codified Laws § 46A-2-16, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Leverage lease agreements by board--District as lender and lessee--Sublease of equipment
Official statutory text
The Board of Water and Natural Resources may become a party to a leverage lease agreement whereby the district loans up to eighty percent of the cost of construction and equipment for a water development project sponsored by or built for a political subdivision of the State of South Dakota to a person or persons who agrees to own in fee simple such works and equipment and lease them back to the district or political subdivision. The district may be both lender and lessee on such leverage lease, and, in the event it is lessee, it may sublease such works and equipment.
Source: SL 1977, ch 369, § 1; SDCL Supp, § 46-17-17.1.
Source: SL 1977, ch 369, § 1; SDCL Supp, § 46-17-17.1.
Status: in_force · Read it on the official government site
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