Section 13-24-10 - Maximum term of leases of school property--Bid requirements.
13-24-10. Maximum term of leases of school property--Bid requirements. 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.
Source: SDC Supp 1960, § 15.2105 as added by SL 1963, ch 74, § 1.