49-40-8. Lease or alienation of facilities within municipality.
If a consumers power district is comprised of territory wholly within the corporate limits of a first or second class municipality then the district shall have power to lease or alienate the franchises, plant or physical equipment of the district to any private person, firm, association or corporation in accordance with the provisions of §§9-39-37 and 9-39-38.
Source: SL 1950 (SS), ch 17, §69; SDC Supp 1960, §52.1768; SL 1992, ch 60, §2; SL 2017, ch 198, §3.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 40 - Consumers Power District Dissolution And Sale Of Assets
Section 49-40-2 - Hypothecation of assets permitted.
Section 49-40-3 - Sale of consumers power district assets.
Section 49-40-3.1 - Sale of assets--Retroactive application.
Section 49-40-4 - Right of municipality to purchase portion of assets within boundaries.
Section 49-40-8 - Lease or alienation of facilities within municipality.