Title 53A Chapter 22 Section 104

State System of Public Education
Construction of Schools in Districts with New Industrial Plants
Section 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 to purchase agreement authorized.

            (1) If a school district is unable to find any private builder who is capable of furnishing minimal school facilities in new or existing communities, on terms acceptable to the district and to the State Board of Education, the developers of the industrial plant, or plants, may agree to provide minimal school facilities under a lease-purchase agreement or lease with option to purchase agreement with the district.

            (2) The district shall pay the developers according to the terms of the agreement from sources listed for such payments in this chapter.


Enacted by Chapter 2, 1988 General Session