South Dakota Codified Laws 46A-3D-8. Property acquisition and disposition
Current as of: 2023 | Check for updates
|
Other versions
A water development district board of directors may acquire by purchase or lease all real and other property as may be necessary to carry out the purposes and intent of chapters 46A-3A to 46A-3E, inclusive. The board may hold and use the property, lease or otherwise dispose of any part or parcel thereof, or sell the property if it is no longer needed. The water development district board shall follow the procedures in chapters 6-13 and 7-30 for the sale, exchange, leasing, and disposal of property.
Terms Used In South Dakota Codified Laws 46A-3D-8
- 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
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1984 (SS), ch 1, § 40; SL 1989, ch 30, § 75.