South Dakota § 13-16-6.1 - Bidders on installment purchases or lease-purchase agreement to state interest rate and installment schedule.
Full text of South Dakota South Dakota Codified Laws § 13-16-6.1 — Bidders on installment purchases or lease-purchase agreement to state interest rate and installment schedule., with citation guidance and answers to common questions.
§ 13-16-6.1. Bidders on installment purchases or lease-purchase agreement to state interest rate and installment schedule.
Notwithstanding the provisions of chapters 5-18A and 13-20, if any proposed installment purchase contract or lease-purchase agreement authorized under chapter 13-16, is to be entered into by a school district, the notice for bidders shall require the bidders to state the rate of interest and the installment payment or lease-purchase schedule that would have to be made by the school district in fulfillment of the contract. However, the requirement of this section does not apply to any installment purchase or lease-purchase to be entered into between a school district and the health and educational facilities authority.
Source: SL 1973, ch 91, § 3; SL 1978, ch 109, § 2; SL 1989, ch 146, § 4; SL 2011, ch 2, § 122.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 13-16-6.1
What does South Dakota Codified Laws § 13-16-6.1 cover?
Section 13-16-6.1 ("Bidders on installment purchases or lease-purchase agreement to state interest rate and installment schedule.") 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 § 13-16-6.1?
A common citation format is "South Dakota Codified Laws § 13-16-6.1" (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 § 13-16-6.1 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.