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2012 South Dakota Codified Laws
Title 49 PUBLIC UTILITIES AND CARRIERS
Chapter 16B. South Dakota Railroad Authority
§49-16B-26 Bonds--Repayment from lease income and revenues from facilities financed.


SD Codified L § 49-16B-26 (through 2012) What's This?


49-16B-26. Bonds--Repayment from lease income and revenues from facilities financed. Such bonds shall be payable solely and only from:

(1) Income to be derived from rental leases as provided in §§ 49-16B-15 to 49-16B-21, inclusive; and

(2) Revenues to be derived by the authority from the operation of such facilities acquired, constructed, improved, or equipped in whole or in part with the proceeds of such bonds.

Source: SL 1980, ch 323, § 25.

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