STATUTES

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Chapter 54 - Economic Development Projects

Section 9-54-1 - Purpose of chapter.
Section 9-54-2 - Power to issue bonds, acquire or construct projects and enter revenue agreements--Location of projects.
Section 9-54-2.1 - Power to issue revenue bonds, purchase or discharge debt of nonprofit corporationoperating health care or housing facility and enter revenue agreements--Location ofproject.
Section 9-54-2.2 - Restriction on use of bonds for elderly housing projects.
Section 9-54-3 - "Revenue bonds" defined.
Section 9-54-3.1 - "Revenue agreement" defined.
Section 9-54-4 - Costs to be covered by bonds--Authorization, issuance and sale of bonds.
Section 9-54-5 - Amount of bond issue limited by costs.
Section 9-54-6 - Bonds not general obligations nor payable by taxation--Recitals in bonds.
Section 9-54-7 - Mortgage of project and pledge of revenues to payment of bonds--Trust funds--Othercovenants and agreements.
Section 9-54-8 - Lease or sale payments sufficient to pay bonds and costs--Payments in lieu ofproperty taxes.
Section 9-54-8.1 - Lease with option to purchase--Title acquired before bonds retired--Pledge forpayment of bonds.
Section 9-54-9 - Municipal obligations restricted by contractual payments from facilities.
Section 9-54-10 - County and sanitary district powers.
Section 9-54-11 - Municipal joint or cooperative agreements.

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