STATUTES

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Chapter 39 - Consumers Power District Borrowing And Indebtedness

Section 49-39-1 - Authority to borrow--Funds available for repayment--Security for loan.
Section 49-39-2 - Pledging revenues as security for borrowing.
Section 49-39-3 - Resolution specifying particular revenues pledged.
Section 49-39-4 - Refunding of indebtedness--Issuance of refunding securities--Disposition ofproceeds.
Section 49-39-5 - Payment of pledged revenues into special fund--Use of revenues--Designation ofdepository.
Section 49-39-6 - Sale of bonds.
Section 49-39-6.1 - Issuance of variable rate obligations--Authorization by resolution--Scope.
Section 49-39-6.2 - Enhancement of security for variable rate obligations--Credit agreements--Paymentof costs.
Section 49-39-7 - Agreement with bondholders respecting charges for electricity.
Section 49-39-8 - Pledging revenues to secure federal indebtedness--State not liable.
Section 49-39-9 - Default on bonds--Operation of district by creditors--Priority of payment--Restoration of district to control.
Section 49-39-10 - Default on bonds--Court appointment of receiver--Authority of receiver to operatedistrict--Discharge of receiver and return of district to control.

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