Section 13-19-27 - Financing arrangements for capital improvements and acquisition ofequipment incident to consolidation. - South Dakota Statutes

13-19-27. Financing arrangements for capital improvements and acquisition of equipment incident to consolidation. Any school district may enter into lease-purchase agreements or other financing arrangement with or issue capital outlay certificates to the Health and Educational Facilities Authority for capital improvements, the acquisition of equipment, or improvement of school facilities that the school board considers necessary or appropriate or as a result of a consolidation or proposed consolidation of one school district with another school district. All such leases, capital outlay certificates, or other arrangements shall be in accordance with the provisions of §§ 13-8-39, 13-20-1, and 13-24-10.

Source: SL 1986, ch 124, § 1; SL 1988, ch 140, § 2; SL 1999, ch 84, § 5.