South Dakota 16B — Economic Development Finance Authority
- 1-16B-1 — Definition of terms generally.
- 1-16B-2 — Repealed.
- 1-16B-3 — "Development project" defined.
- 1-16B-4 — Project costs defined.
- 1-16B-5 — Repealed.
- 1-16B-6 — "Enterprise" defined.
- 1-16B-7 — Finance authority created.
- 1-16B-8 — Board of directors--Composition and appointment of members.
- 1-16B-9 — Quorum of board--Action by majority present.
- 1-16B-10 — Secretary of tourism and state development as chief administrative officer--Administration and technical affairs of authority.
- 1-16B-11 — Staff services to authority--Funds from which expenses paid.
- 1-16B-12 — Transfer of income from capital reserve fund to a general account--Continuousappropriation for purposes of chapter.
- 1-16B-13 — Obsolete.
- 1-16B-14 — General corporate and investigative powers of authority.
- 1-16B-14.1 — Exemption of documentary material and data involving trade secrets, etc., fromdisclosure--Consideration by authority in executive session.
- 1-16B-15 — Power to issue notes and bonds--Maximum outstanding.
- 1-16B-16 — Power to renew and refund notes and bonds--Application of proceeds of refundingbonds.
- 1-16B-17 — Notes and bonds as general obligations of authority--Funds from which payable.
- 1-16B-18 — Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale.
- 1-16B-19 — State pledge not to impair powers of authority--Inclusion in terms of notes or bonds.
- 1-16B-20 — Obligations payable only from assets of authority--Statement on face of obligations.
- 1-16B-21 — Repurchase and cancellation of notes and bonds--Maximum price paid.
- 1-16B-22 — Issuance of refunding obligations--Terms governed by chapter.
- 1-16B-23 — Disposition of refunding obligations--Application or investment of proceeds.
- 1-16B-24 — Bonds and notes as legal investments for public and fiduciary funds.
- 1-16B-25 — Appointment of trustee on default in payment of bonds or notes.
- 1-16B-26 — Trustee's powers in protection of bondholders or noteholders.
- 1-16B-27 — Notice required of trustee before declaring principal due.
- 1-16B-28 — Incidental powers of trustee.
- 1-16B-29 — Capital reserve fund required--Moneys paid in.
- 1-16B-30 — Amounts required in capital reserve fund.
- 1-16B-31 — Application of capital reserve fund--Transfer of income.
- 1-16B-32 — Bonds and notes not issued when capital reserve below required amount.
- 1-16B-33 — Annual budget estimate for restoration of capital reserve fund--Governor's budget--Application of appropriated funds.
- 1-16B-34 — Establishment of loan funds--Investment.
- 1-16B-35 — Cooperation with local agencies.
- 1-16B-36 — Determination of desirability of development projects.
- 1-16B-37 — Power to make loans to local agencies--Repayment provisions.
- 1-16B-38 — Maximum loan to local agency--Vote required for approval.
- 1-16B-39 — Repealed.
- 1-16B-40 — Application by local agency for loan--Contents.
- 1-16B-41 — Loans made only when other loans not available.
- 1-16B-42 — Preference to projects for processing raw materials produced in state.
- 1-16B-43 — Maximum percentage of cost loaned to local agency--Assurances as to otherfinancing.
- 1-16B-44 — Adjustment of local funding requirements when federal agency participates--Subordination to mortgage held by federal agency.
- 1-16B-45 — Pledge to United States not to impair powers of authority.
- 1-16B-46 — Terms of loan to local agency--Subordination to other loans.
- 1-16B-47 — Foreclosure to take title to development project--Sale or lease.
- 1-16B-48 — Annual reports of authority--Contents.
- 1-16B-49 — Cumulative rights and powers of authority.
- 1-16B-50 — Annual action plan--Annual informational report.
- 1-16B-51 — Repealed.
- 1-16B-52 — Issuance of bonds and obligations--Additional proceedings not required--Transferredrights, powers, privileges, and functions supplementary--Liberal construction.
- 1-16B-53 — "Preferred development project" defined.
- 1-16B-54 — Direct mortgage loans for preferred development projects.
- 1-16B-55 — Authority may contract to manage payment or interest rate risk for bonds.