South Dakota § 49-16B-16 - Lease terms, conditions and rentals.
Full text of South Dakota South Dakota Codified Laws § 49-16B-16 — Lease terms, conditions and rentals., with citation guidance and answers to common questions.
§ 49-16B-16. Lease terms, conditions and rentals.
Leases may be:
(1) Upon such terms, conditions, and rentals as in the judgment of the authority are in the public interest; or
(2) For a term of one year, with an option in the lessee to extend the term of the lease for a term of one year from the expiration of the original term of the lease and for one year from the expiration of each extended term of the lease, until the original term of the lease has been extended for a total number of years to be agreed upon by the parties at a rental which, if paid for the original term and for each of the full number of years for which the term of the lease may be extended, will amortize the total cost of the project financed.
The rental shall be paid at such times as the parties to the lease agree.
Source: SL 1980, ch 323, § 16; SL 1981 (2d SS), ch 4, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 49-16B-16
What does South Dakota Codified Laws § 49-16B-16 cover?
Section 49-16B-16 ("Lease terms, conditions and rentals.") 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 § 49-16B-16?
A common citation format is "South Dakota Codified Laws § 49-16B-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 § 49-16B-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.