Section 49-16B-21 – Rental and charges for facilities leased to other than Department of Transportation–Conveyance at conclusion.
49-16B-21. Rental and charges for facilities leased to other than Department of Transportation–Conveyance at conclusion. The charges, fees, or rentals established by the authority for the use of any facilities acquired, constructed, completed, or equipped in whole or in part with the proceeds of the bonds or instruments issued as provided in this chapter and […]
Section 49-16B-22 – Tax exempt status of authority’s property.
49-16B-22. Tax exempt status of authority’s property. All property owned by the authority is exempt from taxation. Source: SL 1980, ch 323, §21.
Section 49-16B-23 – Negotiable revenue bonds–Resolution for issuance–Legislative approval.
49-16B-23. Negotiable revenue bonds–Resolution for issuance–Legislative approval. The authority may at one time, or from time to time, provide by resolution for the issuance of negotiable revenue bonds for the purpose of paying all or any part of the cost of one or combination of projects. However, no revenue bonds may be sold to raise […]
Section 49-16B-24 – Borrowing money and issuing bonds authorized–Refunding and refinancing–Pledge of income and revenues.
49-16B-24. Borrowing money and issuing bonds authorized–Refunding and refinancing–Pledge of income and revenues. To accomplish projects of the kind listed in §49-16B-10, the authority may borrow money and issue and sell bonds in such amount or amounts as the authority may determine for the purpose of acquiring, improving or equipping any such facility; refund and […]
Section 49-16B-25 – Bonds and notes–Resolution–Issuance–Terms.
49-16B-25. Bonds and notes–Resolution–Issuance–Terms. Bonds or notes of the authority shall be authorized by resolution of the authority and may be issued under the resolution or under a trust indenture or other security agreement, in one or more series. The bonds or notes shall bear such date or dates, mature at such time or times, […]
Section 49-16B-26 – Bonds–Repayment from lease income and revenues from facilities financed.
49-16B-26. Bonds–Repayment from lease income and revenues from facilities financed. Such bonds shall be payable solely and only from: (1)Income to be derived from rental leases as provided in §§49-16B-15 to 49-16B-21, inclusive; and (2)Revenues to be derived by the authority from the operation of such facilities acquired, constructed, improved, or equipped in whole or […]
Section 49-16B-27 – Bonds–Execution and registration–Officers’ signatures.
49-16B-27. Bonds–Execution and registration–Officers’ signatures. Bonds shall be executed by officers of the authority as shall be designated by the authority, and shall be registered by the state auditor of the State of South Dakota. Any bonds bearing the signature of officers in office at the date of signing thereof shall be valid and binding […]
Section 49-16B-28 – Bonds–Statements on face.
49-16B-28. Bonds–Statements on face. Each bond shall state upon its face that it is payable solely from revenues derived by the authority from the operation of facilities acquired, constructed, improved, or equipped in whole or in part with the proceeds of the sale of such bonds, including income to be derived from rental leases as […]
Section 49-16B-18 – Lease provisions for lessee’s payment of taxes, insurance and other costs.
49-16B-18. Lease provisions for lessee’s payment of taxes, insurance and other costs. The lease may provide that the lessee shall, as additional rent for the leased premises, pay all taxes assessed against the leased premises if any, and the cost of insuring, maintaining, repairing, and operating the facilities. Source: SL 1980, ch 323, §18.
Section 49-16B-11 – Report to legislature recommending projects.
49-16B-11. Report to legislature recommending projects. The authority shall obtain estimates of the cost of any project it deems necessary or convenient and shall formulate and recommend a list of projects. The authority shall present a report including its recommendations, proposed projects and estimated costs to the Legislature not later than the first day of […]