There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 1 STATE AFFAIRS AND GOVERNMENT
Chapter 16A. Health and Educational Facilities Authority
§1-16A-52.4 Title to facility financed through federally guaranteed securities--Mortgage--Lease prohibited.
SD Codified L § 1-16A-52.4 (through 2011) What's This?
1-16A-52.4. Title to facility financed through federally guaranteed securities--Mortgage--Lease prohibited. If an educational or health facility is financed or refinanced pursuant to §§ 1-16A-52.1 to 1-16A-52.3, inclusive, the title to such facility shall remain in the participating educational or health institution owning the same, subject to the lien of any mortgage securing, directly or indirectly, the federally guaranteed securities then being purchased or to be purchased and there shall be no lease of such facility between the authority and such institution.
Source: SL 1979, ch 7, § 5.
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