South Dakota Codified Laws 11-7-88. Sale or lease for variety of uses as purpose of redevelopment
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It is the purpose of this chapter that commissions will sell or lease the land in the redevelopment area (except such land as it may retain for public housing for low–income groups) for any of a variety of purposes, including private housing, commercial, and other purposes.
Terms Used In South Dakota Codified Laws 11-7-88
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Source: SL 1950 (SS), ch 13, § 20, subdiv 2; SDC Supp 1960, § 45.3620 (2).