8-10-32. Township authorized to enter lease-purchase agreement to lease real or personal property.
The provisions of §8-10-7 or 8-10-8 or any other provision of law notwithstanding, any township may enter into a lease-purchase agreement for a term of years, not exceeding ten, for the purchase or lease by the municipality of real or personal property. Any lease-purchase agreement for a term exceeding one year requires the approval of more than sixty percent of the members-elect of the board of supervisors.
Source: SL 1995, ch 37, §3.
Structure South Dakota Codified Laws
Chapter 10 - Township Fiscal Affairs
Section 8-10-1 - Property tax levy.
Section 8-10-2 - Notice to county auditor of township tax levy--Entry on tax list.
Section 8-10-3 - Township funds remitted by county treasurer.
Section 8-10-6 - Purposes for which township funds expended.
Section 8-10-8 - Township expenditures limited by annual tax levy.
Section 8-10-9 - Proration of appropriations for more than one year.
Section 8-10-12 - Examination and allowance of verified claims by township board.
Section 8-10-13 - Verification not required for salaries and jurors' and witnesses' claims.
Section 8-10-14 - Allowance of claim without verification as misdemeanor.
Section 8-10-15 - Auditing of accounts payable--Clerk of the township replacing absent supervisor.
Section 8-10-16 - Time of meetings for allowance of accounts--Statement of amount allowed.
Section 8-10-17 - Warrants for accounts allowed.
Section 8-10-18 - Endorsement of warrant for payment by depository.
Section 8-10-19 - Register of warrants not paid on presentation--Data entered.
Section 8-10-21 - Call of registered warrants for payment--Termination of interest.
Section 8-10-22 - Tax levy for annual payment of interest on warrants.
Section 8-10-23 - Call of warrants for annual payment of interest.
Section 8-10-24 - Loss of priority by failure to present warrant for annual interest.
Section 8-10-27 - Accounts maintained by treasurer--Exhibition to township board.
Section 8-10-28 - Examination by board of accounts of treasurer and officers handling money.
Section 8-10-29 - Report of fiscal affairs by board--Reading and publication of report.
Section 8-10-30 - Treasurer's annual financial statement--Contents--Filing.
Section 8-10-31 - Forfeiture by treasurer for neglect of duty.