South Dakota Codified Laws 13-51-1. Legislative approval required for erecting, maintaining buildings or leasing facilities
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The Board of Regents of this state is hereby expressly prohibited from erecting any buildings or structures or maintaining and equipping such buildings, or making any lease or lease–purchase payments for any purposes authorized in § 13-51-2 without the approval of the Legislature first obtained.
Terms Used In South Dakota Codified Laws 13-51-1
- 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 1939, ch 56, § 1; SDC Supp 1960, § 15.0726; SL 1998, ch 102, § 2.