13-24-10. Maximum term of leases of school property--Bid requirements.
46 words·~1 min read·
/sd/title-13/chapter-13-24/13-24-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any school board shall have authority to lease equipment, teacherages, buildings, or other real estate and personal property for a period of not to exceed thirty years. The proposed aggregate lease payments provided for under a lease agreement shall be subject to the statutory bid requirements.