7-29-23. Sale or lease of real property for industrial development or public purposes--Terms of lease. Every county shall have power to lease or sell on a negotiated basis and to convey any of its real property to a municipality or the state or another county, or to a nonprofit local industrial development corporation as defined by § 7-29-24 and located therein, to be used by such grantee for an authorized public purpose or industrial development purpose as enumerated in § 9-54-1. Such lease or sale shall be authorized on the terms and in the manner provided by resolution of the county commissioners.
Source: SL 1976, ch 63, § 1; SL 1977, ch 48, § 2.
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