South Dakota Codified Laws 1-33B-3.10. Funds for payment of energy performance contract
Current as of: 2023 | Check for updates
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A governmental unit may pay for an energy performance contract with funds designated for operating costs, capital expenditures, utility costs, lease payments, installment payment contracts, lease purchase agreements, or bonds issued pursuant to law.
Terms Used In South Dakota Codified Laws 1-33B-3.10
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Source: SL 2016, ch 14, § 12.