South Dakota Codified Laws 11-7-56. Purchase or lease of existing buildings in lieu of new construction for housingproject
Current as of: 2023 | Check for updates
|
Other versions
In order to conserve the existing housing supply, a commission is authorized to purchase or lease or otherwise acquire existing buildings for low–rent housing whenever this is feasible, in lieu of new construction. All provisions of this chapter relating to other low–rent housing projects shall be applicable to such projects.
Terms Used In South Dakota Codified Laws 11-7-56
- 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 1950 (SS), ch 13, § 17; SDC Supp 1960, § 45.3617.