South Dakota § 13-39A-25 - Provisions of lease-purchase agreements.
Full text of South Dakota South Dakota Codified Laws § 13-39A-25 — Provisions of lease-purchase agreements., with citation guidance and answers to common questions.
§ 13-39A-25. Provisions of lease-purchase agreements.
A lease-purchase agreement authorized pursuant to § 13-39A-24:
(1) Shall be approved by the governing body of the LEA;
(2) May provide for the simultaneous conveyance of existing facilities to be leased back with the improvements and other property being financed;
(3) May provide for all rights, title, and interest of the authority to be conveyed to the LEA or to the board upon payment or other discharge of the bonds issued therefor; and
(4) May contain any other provision the authority and the board determine is necessary or appropriate to secure payment of amounts due under any agreement. No other provision of law may limit or otherwise restrict the power and authority of an LEA or the board to enter into a lease-purchase agreement or govern the procedure by which an agreement is authorized.
Source: SL 2017, ch 81, § 25; SL 2018, ch 102, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 13-39A-25
What does South Dakota Codified Laws § 13-39A-25 cover?
Section 13-39A-25 ("Provisions of lease-purchase agreements.") 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 § 13-39A-25?
A common citation format is "South Dakota Codified Laws § 13-39A-25" (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 § 13-39A-25 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.