Section 49-16B-35 – Interim notes–Execution–Attestation–Seal.
49-16B-35. Interim notes–Execution–Attestation–Seal. The notes may be executed in the name of the authority by the chairman of the authority or by any other officer or officers of the authority as the authority by resolution may direct, shall be attested by the secretary or such other officer or officers of the authority as the authority […]
Section 49-16B-36 – Interim notes–Secured by pledge–Repayment from sale of revenue bonds and property acquired.
49-16B-36. Interim notes–Secured by pledge–Repayment from sale of revenue bonds and property acquired. All such notes and the interest thereon may be secured by a pledge of any income and revenue derived by the authority from the project to be undertaken with the proceeds of the notes, after deducting from such income and revenue any […]
Section 49-16B-37 – Interim notes–Additional security for payment.
49-16B-37. Interim notes–Additional security for payment. The authority, in order further to secure the payment of the interim notes, may make any other or additional covenants, terms and conditions not inconsistent with the provisions of §§49-16B-13 and 49-16B-15, and do any and all acts and things as may be necessary or convenient or desirable in […]
Section 49-16B-38 – Interim notes not indebtedness within constitutional or statutory limitations.
49-16B-38. Interim notes not indebtedness within constitutional or statutory limitations. The interim notes do not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. Source: SL 1980, ch 323, §34; SL 2010, ch 145, §201.
Section 49-16B-29 – Obligation of state not authorized.
49-16B-29. Obligation of state not authorized. Nothing in this chapter authorizes the authority or any department, board, commission, or other agency to create an obligation of the State of South Dakota within the meaning of the Constitution or statutes of South Dakota. Source: SL 1980, ch 323, §28; SL 2010, ch 145, §198.
Section 49-16B-30 – Contract with holders–Enforcement.
49-16B-30. Contract with holders–Enforcement. The provisions of this chapter and of any resolution or proceeding authorizing the issuance of bonds constitutes a contract with the holders of such bonds. The provisions are enforceable either in law or in equity, by suit, action in mandamus or other proceeding in any court of competent jurisdiction to enforce […]
Section 49-16B-31 – Interim notes–Purposes for which authorized.
49-16B-31. Interim notes–Purposes for which authorized. In addition to the permanent financing authorized by §§49-16B-23 to 49-16B-30, inclusive, the authority may borrow money and issue interim notes in evidence thereof for any of the projects, or to perform any of the duties authorized under this chapter, and in addition may borrow money and issue interim […]
Section 49-16B-32 – Interim notes–Issuance pursuant to resolution–Contents of resolution–Extending maturity date.
49-16B-32. Interim notes–Issuance pursuant to resolution–Contents of resolution–Extending maturity date. Whenever the authority deems it advisable and in the interests of the authority to borrow funds temporarily for any of the purposes enumerated in §49-16B-31, the authority may from time to time, and pursuant to appropriate resolution, issue interim notes to evidence such borrowings, including […]
Section 49-16B-19 – Leases to Department of Transportation–Rents payable solely from appropriations–Amount.
49-16B-19. Leases to Department of Transportation–Rents payable solely from appropriations–Amount. Leases to the Department of Transportation shall contain the provision that rents under the leases are payable solely from appropriations to be made by the Legislature for the payment of rent under the leases may not exceed an amount sufficient to pay principal of and […]
Section 49-16B-20 – Nonpayment of rent–Maintenance, operation, or lease of facilities.
49-16B-20. Nonpayment of rent–Maintenance, operation, or lease of facilities. The authority may, in the event of nonpayment of rents reserved in such leases, maintain and operate the facilities and sites or execute leases of the facilities and sites to others for any suitable purposes. Source: SL 1980, ch 323, §20; SL 2010, ch 145, §196.