<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-34A-53.1 - Purchase of facilities in territory annexed after July 1, 1975--Time limit--Determination of gross revenue. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070737Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070737SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070737CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070737Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2070737DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070737DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070737000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070737SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070737SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2070737Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34A-53.1"><span class="s2070737SENU">49-34A-53.1</span></a><span xml:space="preserve" class="s2070737SENU">. </span><span class="s2070737CL">Purchase of facilities in territory annexed after July 1, 1975--Time limit--Determination of gross revenue.</span></p><p dir="ltr" class="s2070737Normal-000000"><span xml:space="preserve" class="s2070737DefaultParagraphFont">Any municipality that has annexed territory subsequent to July 1, 1975, and that did not elect to purchase the facilities in such territory pursuant to the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34A-49"><span class="s2070737DefaultParagraphFont">49-34A-49</span></a><span xml:space="preserve" class="s2070737DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34A-52"><span class="s2070737DefaultParagraphFont">49-34A-52</span></a><span xml:space="preserve" class="s2070737DefaultParagraphFont">, inclusive, may, within two years from July 1, 1992, elect to purchase the facilities in such annexed territory subject to the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34A-49"><span class="s2070737DefaultParagraphFont">49-34A-49</span></a><span xml:space="preserve" class="s2070737DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34A-50"><span class="s2070737DefaultParagraphFont">49-34A-50</span></a><span class="s2070737DefaultParagraphFont">, except that gross revenues received shall be determined by applying the rate in effect by the purchasing municipality at the time of purchase. Any municipality which chooses not to purchase such facilities within the two</span><span class="s2070737DefaultParagraphFont-000001">-</span><span xml:space="preserve" class="s2070737DefaultParagraphFont">year period is precluded from thereafter purchasing such facilities, except pursuant to the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34A-55"><span class="s2070737DefaultParagraphFont">49-34A-55</span></a><span class="s2070737DefaultParagraphFont">.</span></p><p dir="ltr" class="s2070737Normal"><span xml:space="preserve" class="s2070737000002"> </span></p><p dir="ltr" class="s2070737Normal"><span class="s2070737SCL">Source:</span><span xml:space="preserve" class="s2070737SCL-000003"> SL 1992, ch 330, § 3.</span></p></div></body></html>