South Dakota § 46A-2-16 - Leverage lease agreements by board--District as lender and lessee--Sublease of equipment.
Full text of South Dakota South Dakota Codified Laws § 46A-2-16 — Leverage lease agreements by board--District as lender and lessee--Sublease of equipment., with citation guidance and answers to common questions.
§ 46A-2-16. Leverage lease agreements by board--District as lender and lessee--Sublease of equipment.
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: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 46A-2-16
What does South Dakota Codified Laws § 46A-2-16 cover?
Section 46A-2-16 ("Leverage lease agreements by board--District as lender and lessee--Sublease of equipment.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 46A-2-16?
A common citation format is "South Dakota Codified Laws § 46A-2-16" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 46A-2-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.