There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 40 — Utility Facilities And Revenue Bonds
- 9-40-1 — Municipal power to acquire and operate utility systems--Types of servicesprovided--Limits of service area.
- 9-40-2 — Systems defined as utilities.
- 9-40-3 — Combining of systems and services into single utility system.
- 9-40-4 — Utility facilities outside municipal limits.
- 9-40-4.1 — Water pollution prevention contracts.
- 9-40-4.2 — Financial aid for sewerage and water facility systems--Federal contracts.
- 9-40-4.3 — Contracts and creation of body for operation of sewerage and water facilitysystems.
- 9-40-5 — Bond issue for erection or acquisition of utility--Credit of municipality notused--Authorization--Issuance--Sale.
- 9-40-6 — Revenue bond issue for extension or improvement of utility.
- 9-40-7 — Additional revenue bonds authorized when original issue insufficient--Priorityof issues.
- 9-40-8 — Provision for additional bond issues of equal standing.
- 9-40-9 — Provision for extension or improvement of utility by additional bond issue--Junior to prior issues.
- 9-40-10 — Resolution or ordinance to refer to chapter--Purchase price for utility to bespecified.
- 9-40-11 — Ordinance provisions for utility operation and security of bondholders.
- 9-40-12 — to 9-40-14. Repealed.
- 9-40-15 — Bonds payable from revenue--Circumstances not requiring election.
- 9-40-15.1 — Collection of charges for sewerage, water services, and drainage basin utilitydistricts--Amount and basis of charges--Surcharge on water bills.
- 9-40-16 — Pledge of revenue to separate fund--Separate account for bond payments andreserve--Depreciation account and operational costs.
- 9-40-17 — Revenue pledged to payment of extension and improvement bonds--Priorpledge for original bond issue.
- 9-40-18 — Taxing power not used for payment of revenue bonds--Restriction on use ofother municipal funds.
- 9-40-19 — Chapter and resolution or ordinance incorporated in terms of bonds.
- 9-40-20 — Repealed.
- 9-40-21 — Separate or combined acquisition of utilities--Purchase price.
- 9-40-22 — Payment of purchase price by issuance of bonds.
- 9-40-23 — Bonds set apart for payment of underlying debt--Income set aside for debtretirement.
- 9-40-24 — Exchange of bonds for underlying debt--Application of proceeds to debt.
- 9-40-25 — Bondholders' statutory mortgage on utility--Disposition of utility prohibiteduntil bonds retired.
- 9-40-26 — Statutory lien continued until bonds paid.
- 9-40-27 — Enforcement by bondholders of statutory mortgage and requirements ofchapter.
- 9-40-28 — Rates to cover bond retirement and operational costs.
- 9-40-29 — Municipality to pay for services rendered by utility.
- 9-40-30 — Surplus transferred to depreciation account.
- 9-40-31 — Expenditures from depreciation account--Investment of accumulations.
- 9-40-32 — Surplus applied to other municipal or public purposes.
- 9-40-33 — Receivership on default or mismanagement--Powers of receiver.
- 9-40-34 — Judicial approval of rates charged during receivership--Criteria forestablishment of rates.
- 9-40-35 — Termination of receivership and restoration of municipal control.
- 9-40-36 — Repealed.
- 9-40-37 — Sale and lease-back arrangements for waterworks and waste disposal facilities.
- 9-40-38 — Sale of waterworks and waste disposal facilities--Conditions.
- 9-40-39 — Tax exemption of waterworks and waste disposal facilities.
- 9-40-40 — Sale and lease-back powers additional--Restrictions.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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