53A-22-104 - Minimal school facilities -- Lease-purchase or lease with option to purchase agreement authorized.
53A-22-104. Minimal school facilities -- Lease-purchase or lease with option topurchase agreement authorized.
(1) If a school district is unable to find any private builder who is capable of furnishingminimal school facilities in new or existing communities, on terms acceptable to the district andto the State Board of Education, the developers of the industrial plant, or plants, may agree toprovide minimal school facilities under a lease-purchase agreement or lease with option topurchase agreement with the district.
(2) The district shall pay the developers according to the terms of the agreement fromsources listed for such payments in this chapter.
Enacted by Chapter 2, 1988 General Session