Section 5-12-47 – .Revenue obligations–Issuance–Purpose–Funds for payment.
5-12-47. Revenue obligations–Issuance–Purpose–Funds for payment. The authority, with the approval of the Governor, may by resolution provide for the issuance and sale of revenue obligations to finance all or any part of the capital cost of acquiring, constructing, furnishing, equipping, or repairing any state building owned or to be owned by it and for this […]
Section 5-12-47.1 – .Payment of lease rental obligations to South Dakota Building Authority by Bureau of Finance and Management.
5-12-47.1. Payment of lease rental obligations to South Dakota Building Authority by Bureau of Finance and Management. The funds appropriated in SL 2014, ch 35, §1 shall be used to pay or prepay lease rental and associated fees in the amounts specified below to the South Dakota Building Authority relating to the leases between the […]
Section 5-12-47.2 – .Irrevocable escrow agreement for defeasance and payment of lease revenue trust certificates and bonds–Arrangements to pay governmental expenses.
5-12-47.2. Irrevocable escrow agreement for defeasance and payment of lease revenue trust certificates and bonds–Arrangements to pay governmental expenses. The South Dakota Building Authority may enter into an irrevocable escrow agreement to provide for the defeasance and payment of the series 1993A lease revenue trust certificates, the series 2005B bonds and the series 2008 bonds […]
Section 5-12-35 – .Accounts maintained by authority–Purpose of disbursements from public building fund.
5-12-35. Accounts maintained by authority–Purpose of disbursements from public building fund. The Building Authority shall keep account of the gross total income derived from each separate project or any combination thereof undertaken pursuant to this chapter. Disbursements from a given account in the public building fund shall be ordered by the authority only for the […]
Section 5-12-36 – .Authority to convey property to state when debt paid or payment provided for–Reversion to authority.
5-12-36. Authority to convey property to state when debt paid or payment provided for–Reversion to authority. To accomplish projects of the kind listed in this chapter, the Building Authority may convey property, without charge, to the State of South Dakota, if all debts which have been secured by the income from the property have been […]
Section 5-12-27.2 – .Amount of refunding bonds.
5-12-27.2. Amount of refunding bonds. The Building Authority may issue negotiable refunding bonds under §§5-12-27.1 to 5-12-27.4, inclusive, to refund bonds at or prior to their maturity or which by their terms are subject to redemption before maturity, or both, in an amount necessary to refund: (1)The principal amount of the bonds to be refunded; […]
Section 5-12-37 – .Record of rental payments under lease–Conveyance to lessee after amortization of debt.
5-12-37. Record of rental payments under lease–Conveyance to lessee after amortization of debt. An accurate record shall be kept of the rental payments under each lease entered into by the Building Authority and any officer, department, board, commission, or other agency of the State of South Dakota, or the commissioner of administration when requested to […]
Section 5-12-27.3 – .Exchange or sale of refunding bonds–Proceeds of sale–Cancellation of bonds and coupons–Evidence of discharge of interest obligation.
5-12-27.3. Exchange or sale of refunding bonds–Proceeds of sale–Cancellation of bonds and coupons–Evidence of discharge of interest obligation. Refunding bonds issued pursuant to §§5-12-27.1 to 5-12-27.4, inclusive, may be exchanged for the bonds to be refunded on a par for par basis of the bonds, interest coupons and interest not represented by coupons, if any, […]
Section 5-12-38 – .Annual audit.
5-12-38. Annual audit. The Building Authority shall be audited annually in accordance with chapter 4-11. Source: SL 1967, ch 276, §11; SL 1989, ch 51.
Section 5-12-27.4 – .Exchange or sale of bonds–Disposition of proceeds of sale.
5-12-27.4. Exchange or sale of bonds–Disposition of proceeds of sale. Refunding bonds issued pursuant to §§5-12-27.1 to 5-12-27.4, inclusive, may be exchanged for not less than an equal principal amount of bonds to be refunded or may be sold at not less than par, or may be exchanged in part and sold in part. All […]