Section 9-51-35 - Parking district law--Definition of terms. - South Dakota Statutes

9-51-35. Parking district law--Definition of terms. Terms as used in §§ 9-51-35 to 9-51-50, inclusive, unless the context otherwise plainly requires, shall mean:
(1) "Public parking facility" shall mean real estate acquired by gift, purchase, by contract for deed or otherwise, lease, or for the purpose of providing space for parking vehicles, and all improvements thereon including the surfacing of such lots and shall further include the erection or improvement of parking ramps, structures, buildings or other off-street parking areas thereon, including areas above, at, or below street level for the parking of vehicles;
(2) "Privately owned property" shall mean all real property, except that property upon which is situated a one-family or two-family dwelling and which is used only for residential purposes which residential property shall be exempt from assessment;
(3) "Governing body" shall mean the governing body of a municipal corporation;
(4) "Public parking facility fund" shall mean a fund established for the placing of all receipts from all assessments and revenues and disbursements therefrom under the provisions of §§ 9-51-35 to 9-51-50, inclusive.

Source: SL 1967, ch 231, § 2.