South Dakota 12 — South Dakota Building Authority
- 5-12-1 — Authority created--Composition--Initial terms--Political affiliation--Chairman.
- 5-12-1.1 — Authority continued within Bureau of Finance and Management--Records andreports.
- 5-12-1.2 — Meaning of United States Department of Agriculture Conservation Reserve Program.
- 5-12-2 — Terms of members--Vacancies--Quorum.
- 5-12-3 — Oath and bond of members.
- 5-12-4 — Members receive no compensation--Reimbursement of expenses.
- 5-12-5 — Employment of personnel.
- 5-12-6 — Common seal of authority.
- 5-12-7 — Purposes of authority.
- 5-12-8 — Studies and investigations of land needs.
- 5-12-8.1 — Additional powers with respect to projects under § 5-12-8.
- 5-12-9 — Repealed.
- 5-12-10 — Transfer of state property to authority.
- 5-12-11 — Power of authority to acquire property--Methods of acquisition.
- 5-12-11.1 — Standards and specifications to accommodate physically handicapped.
- 5-12-12 — Plans and specifications for projects to be undertaken.
- 5-12-13 — Lease of facilities and sites to state agencies authorized--Commencement ofpayments under lease.
- 5-12-14 — Terms, conditions, and rental under leases--Annual extension provision.
- 5-12-15 — Lessee's option to purchase--Conveyance on exercise of option.
- 5-12-16 — Taxes and insurance added to rental properties--Authorization to self-insure.
- 5-12-17 — Authority's power to use facilities for other purposes on nonpayment of rent--Appropriations and funds from which rent payable.
- 5-12-18 — Costs and reserves to be covered by rent and charges.
- 5-12-19 — Tax exemption of property owned or leased by authority--Exception.
- 5-12-20 — Resolutions for revenue bonds authorized--Purpose--Legislative approval required.
- 5-12-21 — Purposes for which bonds issued--Refunding and refinancing--Pledge of income.
- 5-12-22 — Terms and interest rate of bonds.
- 5-12-23 — Revenues and income from which bonds payable--Use of educational facilities fund--Disposition of revenues.
- 5-12-24 — Execution and registration of bonds--Validity of signature by officers.
- 5-12-25 — Restrictions on obligation stated on face of bonds.
- 5-12-26 — Creation of state obligation not authorized.
- 5-12-27 — Contract with bondholders--Bondholders' remedies.
- 5-12-27.1 — Refunding bonds authorized--Purposes.
- 5-12-27.2 — Amount of refunding bonds.
- 5-12-27.3 — Exchange or sale of refunding bonds--Proceeds of sale--Cancellation of bonds andcoupons--Evidence of discharge of interest obligation.
- 5-12-27.4 — Exchange or sale of bonds--Disposition of proceeds of sale.
- 5-12-27.5 — Assistance in conserving and improving soil and water resources of highly erodiblecropland by means of loans--Revenue bonds and interim notes authorized.
- 5-12-27.6 — No indebtedness to be charged against state.
- 5-12-27.7 — Acceptance and expenditure of gifts, contributions, etc., authorized.
- 5-12-27.8 — Lease and sublease agreements with South Dakota Building Authority authorized tosupport purpose and payment of revenue bonds or interim notes.
- 5-12-28 — Interim notes authorized--Purposes of borrowing.
- 5-12-29 — Resolution for issuance of interim notes--Interest rate--Maturity date.
- 5-12-30 — Terms and registration of interim notes--Redemption prior to maturity--Execution ofnotes--Pledge of income and revenue.
- 5-12-31 — Additional provisions to secure payment of interim notes.
- 5-12-32 — Debt limitations not applicable to interim notes--Personal liability not created byexecution of notes.
- 5-12-33 — Payment of interim notes or purchase of government obligations with proceeds fromsale of revenue bonds.
- 5-12-34 — Disposition of income under chapter--Public building fund.
- 5-12-35 — Accounts maintained by authority--Purpose of disbursements from public buildingfund.
- 5-12-36 — Authority to convey property to state when debt paid or payment provided for--Reversion to authority.
- 5-12-37 — Record of rental payments under lease--Conveyance to lessee after amortization ofdebt.
- 5-12-38 — Annual audit.
- 5-12-38.1 — Informational budget required.
- 5-12-39 — Contractual power of authority.
- 5-12-40 — Bylaws, rules, and regulations of authority.
- 5-12-41 — Severability of provisions.
- 5-12-42 — Sale and lease-back arrangements--Sales and land leases authorized--Use ofproceeds.
- 5-12-43 — Sale and lease-back arrangements--Contracts to acquire use or ownership authorized--Terms.
- 5-12-44 — Provisions applicable to contracts to acquire use or ownership.
- 5-12-45 — Revenue bonds to finance sale and lease-back arrangements--Lending proceeds--Refund or refinance of obligations.
- 5-12-46 — Legislative approval required for sale and lease-back arrangements.
- 5-12-47 — Revenue obligations--Issuance--Purpose--Funds for payment.
- 5-12-48 — Definition of terms.
- 5-12-48.1 — Authority may invest funds in certain permitted investments.
- 5-12-49 — Transfer and sale of state's right to tobacco settlement revenues--Disposition offunds--Written agreement--Filing of agreement.
- 5-12-50 — Establishment of special purpose corporation--Limitations--Board membership--Powers of corporation.
- 5-12-50.1 — Bond transactions to be public records subject to disclosure.
- 5-12-51 — Purposes of special purpose corporation.
- 5-12-52 — Corporation issued bonds not a lien, charge or liability against the state--Tobaccosettlement revenues as security for bonds prohibited.
- 5-12-53 — Pledge of non-interference by state to impair terms of bonds--Liability of state onbonds.
- 5-12-54 — Liability of authority and special purpose corporation.
- 5-12-55 — Special purpose corporation treated as public instrumentality of state--Income ofauthority and corporation not taxed--Obligations of corporation deemed publicsecurities.
- 5-12-56 — Employees of special purpose corporation.
- 5-12-57 — Establishment of permanent tobacco settlement development trust fund--Funds to bedeposited identified.
- 5-12-58 — Tobacco settlement residual fund established.
- 5-12-59 — Tobacco development interest fund established--State pledge to honor agreements ofauthority or corporation with regard to certain federal income tax exclusions.
- 5-12-60 — Legislative intended use of tobacco settlement funds.
- 5-12-61 — Authority may contract to manage payment or interest rate risk for bonds.