Municipal acquisition of property--Maximum duration of contract--Shares of parties to regional or county solid waste authority

Municipalities are authorized to acquire by gift, devise, lease, purchase, or eminent domain real or personal property necessary to the installation and operation of a solid waste management system either individually or as a party to a regional or county solid waste authority. A contract for the purchase or lease of such property by a municipality may be for a term not to exceed twenty years. If contracted as a party to a regional or county solid waste authority, each member's share shall be fixed at the time of purchase with provisions for a division of proceeds upon termination of the region or the withdrawal from regional participation. Source: SL 1972, ch 198 , § 10; SDCL, § 34-16B-25; SL 1977, ch 280 , § 30.