Section 9-51-11 – Alternative means of financing parking facilities.
9-51-11. Alternative means of financing parking facilities. Any municipality may pay for any portion of the cost of providing automobile parking facilities by: (1)Appropriating moneys for the purposes authorized in §9-51-10; (2)Appropriating any part or all of the net revenues derived from the operation of its automobile parking facilities including the net revenue from on-street […]
Section 9-51-1 – Legislative findings and policy.
9-51-1. Legislative findings and policy. It is hereby declared that the free circulation of traffic through the streets of any municipality is necessary to the health, safety, and general welfare of the public; that the greatly increased use by the public of motor vehicles and the parking of such vehicles in the streets and the […]
Section 9-51-1.1 – Appointive board to manage parking facilities–Contents of ordinance.
9-51-1.1. Appointive board to manage parking facilities–Contents of ordinance. Every municipality shall have power to create an appointive board of not more than seven and not less than three members in first class municipalities for the purpose of managing public parking facilities and automobile parking facilities including on-street parking facilities and to provide by ordinance […]
Section 9-51-2 – Portion of parking meter revenues accumulated in parking lot and area fund–Approval of voters required–Computation of revenues.
9-51-2. Portion of parking meter revenues accumulated in parking lot and area fund–Approval of voters required–Computation of revenues. A municipality shall be required to accumulate at least fifty percent of the revenues derived from parking meters in a special fund to be known as the “parking lot and area fund”; provided that a majority of […]
Section 9-51-3 – Parking meter revenues released on determination to issue bonds.
9-51-3. Parking meter revenues released on determination to issue bonds. Any election previously held in any municipality under the provisions of §9-51-2 may be disregarded upon the determination of any municipality to issue bonds under the provisions of §§9-51-9 to 9-51-34, inclusive. Source: SL 1955, ch 216, §11; SDC Supp 1960, §45.02A11.
Section 9-51-4 – Use of moneys in parking lot and area fund–Retirement of bonds as proper purpose–Use for street construction and maintenance.
9-51-4. Use of moneys in parking lot and area fund–Retirement of bonds as proper purpose–Use for street construction and maintenance. Moneys in the parking lot and area fund referred to in §9-51-2 shall be disbursed only for the purpose of acquiring parking lots and areas, and for surfacing or otherwise improving said lots or areas […]