There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 11 PLANNING, ZONING AND HOUSING PROGRAMS
Chapter 11. South Dakota Housing Development Authority
- §11-11-1 Legislative findings.
- §11-11-2 Declaration of necessity for development authority.
- §11-11-3 Powers necessary for development authority.
- §11-11-4 Declaration of public purposes and public interest.
- §11-11-5 Definition of terms.
- §11-11-5.1 "Single family residential housing" defined.
- §11-11-6 Developments and projects subject to chapter.
- §11-11-7 Sponsors eligible under chapter.
- §11-11-8 Repealed.
- §11-11-9 Costs covered by chapter.
- §11-11-10 Development authority created--Independent instrumentality.
- §11-11-11 Reporting to Governor's Office of Economic Development.
- §11-11-12 Appointment of commissioners--Political affiliations.
- §11-11-13 State officers and employees eligible as commissioners.
- §11-11-14 Corporate officers and employees eligible as commissioners--Abstention on conflict of interests.
- §11-11-15 Terms of office of commissioners--Vacancy--Restrictions on reappointment.
- §11-11-16 Surety bonds of commissioners and executive director--Blanket bond--Payment of cost.
- §11-11-17 Removal of commissioner from office.
- §11-11-18 Officers of commissioners.
- §11-11-19 Meetings of commissioners--Quorum--Majority required for action.
- §11-11-20 Compensation of commissioners.
- §11-11-21 Appointment and duties of executive director--Employment of other personnel--Delegation of powers.
- §11-11-22 Salaries of executive director and other employees.
- §11-11-23 Benefits of state employees extended to authority employees--Retroactive coverage.
- §11-11-24 Records maintained by secretary--Certified copies--Publication of resolutions.
- §11-11-25 Powers of local commissions conferred upon authority--Approval by local governing body required--Cooperation with local commissions.
- §11-11-26 General powers in implementation of chapter.
- §11-11-27 Corporate powers of authority.
- §11-11-28 Consolidation of processing for developments and projects.
- §11-11-29 Policy favoring private business firms.
- §11-11-30 Bylaws, rules, and regulations.
- §11-11-31 Research and development.
- §11-11-32 Environmental planning--Purposes.
- §11-11-33 Advice and technical assistance to developments, projects and residents.
- §11-11-34 Cooperation with federal and other governmental agencies.
- §11-11-35 Contracts with governmental agencies and private parties--Support and staff services to South Dakota Building Authority for loans to farmers or ranchers pursuant to chapter 5-12.
- §11-11-36 Execution of necessary instruments.
- §11-11-37 Acceptance of legislative appropriations--Purposes to which applied.
- §11-11-38 Annual informational budget required--Inclusion in Governor's budget report.
- §11-11-39 Acceptance of grants and contributions--Purposes to which applied.
- §11-11-40 Residual powers of authority.
- §11-11-41 Borrowing power of authority--Evidences of indebtedness.
- §11-11-42 Financing, reserves, and incidental costs included in amounts borrowed.
- §11-11-43 Issuance of notes and bonds--Purposes for which used.
- §11-11-44 Validation of notes and bonds issued prior to June 11, 1980, amendments.
- §11-11-45 Amount of notes and bonds--Maximum aggregate principal amount of qualified private activity bonds.
- §11-11-46 Repealed.
- §11-11-47 Authority as a state housing credit agency under federal law--Allocation of state ceiling of qualified private activity bonds.
- §11-11-48 Compliance with federal conditions for qualified mortgage bonds.
- §11-11-49 Public debt not created by authority obligations--Statement on face of obligations.
- §11-11-50 Refunding of notes and bonds.
- §11-11-51 Consent of other public agencies not required for bonds or notes--Procedural requirements of other laws not applicable.
- §11-11-52 Terms of notes and bonds--Maturity--Form of instruments--Interest--Redemption--Sale.
- §11-11-53 Notes and bonds as general obligations of authority--Exception.
- §11-11-54 Pledge of revenues to secure notes and bonds.
- §11-11-55 Pledge of assets to secure notes and bonds.
- §11-11-56 Limitations on application of proceeds of notes and bonds.
- §11-11-57 Limitations on additional and refunding notes and bonds.
- §11-11-58 Limitations on use of mortgage income by authority.
- §11-11-59 Limitations on operating expenses of authority.
- §11-11-60 Reserves and sinking funds required by holders of obligations.
- §11-11-61 Procedure for amendment of contracts with noteholders or bondholders.
- §11-11-62 Powers vested in trustee--Appointment by bondholders.
- §11-11-63 Default on obligations defined--Remedies of holders.
- §11-11-64 Other provisions for security of holders of obligations.
- §11-11-65 Trust indenture to secure bonds--Contents--Expenses of trust indenture--Separate trustee not authorized.
- §11-11-66 Pledge binding when made--Attachment of lien.
- §11-11-67 Continuing validity of signatures by commissioners or officers.
- §11-11-68 Federal insurance and guaranties of obligations issued by authority.
- §11-11-69 Purpose of capital reserve fund requirements.
- §11-11-70 Establishment of capital reserve funds--Moneys paid into funds.
- §11-11-71 Amount required in capital reserve fund for each year.
- §11-11-72 Valuation of securities held by capital reserve funds.
- §11-11-73 Transfer to other funds of capital reserve fund income.
- §11-11-74 Purposes to which moneys in reserve funds applied--Maintenance of required amount.
- §11-11-75 Deposit in reserve fund of bond proceeds necessary to maintain required amount.
- §11-11-76 Annual budget estimate for restoration of capital reserve fund--Governor's budget--Deposit of appropriated funds.
- §11-11-77 Other funds created by authority.
- §11-11-78 Purchase of own bonds or notes by authority--Cancellation or resale.
- §11-11-79 Price at which notes and bonds repurchased for cancellation.
- §11-11-80 Refunding obligations authorized--Application of provisions applicable to original obligations.
- §11-11-81 Sale or exchange of refunding obligations--Investment of proceeds pending redemption of original obligations.
- §11-11-82 Procedural requirements of other borrowing and contract laws not applicable.
- §11-11-83 Appointment of trustees by holders of obligations after default by authority.
- §11-11-84 Enforcement of creditors' rights by trustee--Collection of mortgage payments.
- §11-11-85 Proceedings by trustee on loans to mortgage lenders--Application of collateral.
- §11-11-86 Acceleration of bonds or notes by trustee--Annulment of declaration.
- §11-11-87 Notice by trustee before accelerating bonds or notes.
- §11-11-88 Action by trustee on bonds or notes.
- §11-11-89 Injunction action by trustee.
- §11-11-90 Accounting required by trustee.
- §11-11-91 Circuit court jurisdiction of proceedings by trustee.
- §11-11-92 Incidental and residual powers of trustee.
- §11-11-93 Pledge that state will not impair contract--Inclusion in agreement with holders of obligations.
- §11-11-94 Personal liability not created by bonds or notes.
- §11-11-95 Negotiability of bonds and notes.
- §11-11-96 Securities regulation--Bonds treated as securities of state instrumentality.
- §11-11-97 Bonds and notes as legal investments for financial institutions and fiduciaries.
- §11-11-97.1 Authority may contract to manage payment or interest rate risk for bonds.
- §11-11-98 Investment of surplus funds of authority--Securities authorized.
- §11-11-99 Loans to homeowners to cover initial costs.
- §11-11-100 Acquisition and disposition of property by authority--Other laws not applicable.
- §11-11-101 Exemption of authority from taxes, recording fees and transfer taxes.
- §11-11-102 Contracts for technical and advisory services--Compensation.
- §11-11-103 Refinancing or foreclosure of mortgages in default--Modification of mortgages--Enforcement--Purchase at mortgage sale--Management of property.
- §11-11-104 Contracts for financial institutions to service mortgages acquired by authority.
- §11-11-105 Modification of mortgages, loans, and agreements held by authority.
- §11-11-106 Insurance by authority of loans made by mortgage lenders.
- §11-11-107 Insurance of property of authority.
- §11-11-108 Agreements for assistance to authority in finding lenders.
- §11-11-109 Repealed.
- §11-11-110 Mortgage loans to finance construction or rehabilitation of housing.
- §11-11-111 Mortgage loans to purchasers of residential housing.
- §11-11-112 Refusal by private lender not required.
- §11-11-113 Repealed.
- §11-11-114 Confidentiality of applications and financial information.
- §11-11-115 Applications--Signatures and certification required--Perjury.
- §11-11-116 Surveys of mortgagors to determine program effectiveness--Limitation on information that may be required.
- §11-11-117 Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.
- §11-11-118 Additional lending powers of authority.
- §11-11-119 Purchase of mortgages from mortgage lenders.
- §11-11-120 Purchase of securities from mortgage lenders.
- §11-11-121 Purchase from lenders of notes originated for sale to authority.
- §11-11-122 Loans to mortgage lenders for new residential mortgages.
- §11-11-123 Requirements for transactions with mortgage lenders.
- §11-11-124 Eligibility of obligations purchased from mortgage lenders for purchase or purchase commitment--Criteria.
- §11-11-125 Repealed.
- §11-11-126 Price paid by authority for mortgage loans purchased--Accrued interest.
- §11-11-127 Purchase and sale of federally guaranteed or insured mortgage loans.
- §11-11-128 Rules and regulations for loan transactions by authority.
- §11-11-129 Objectives to be secured by rules and regulations.
- §11-11-130 Terms of loans to assure payment of authority obligations.
- §11-11-131 Restrictions on transfer of housing financed by loans originated for sale to authority.
- §11-11-132 Time allowed mortgage lender to reinvest loans from authority--Eligible reinvestments.
- §11-11-133 Collateral required on loans to mortgage lenders.
- §11-11-134 Purchase of federally insured housing mortgages.
- §11-11-135 Sale by authority of mortgage or obligation held.
- §11-11-136 Foreclosure against collateral securing loans to mortgage lenders.
- §11-11-137 Actions on loans granted by authority.
- §11-11-138 Receiver appointed to safeguard authority's loan.
- §11-11-139 Reorganization of housing sponsor subject to control by authority.
- §11-11-140 Notice to authority before sale of real property on judgment against housing sponsor--Protective steps taken by authority.
- §11-11-141 Rules and regulations of authority--Scope.
- §11-11-142 Contracts with housing sponsors.
- §11-11-143 Rules governing sponsors of single-family units.
- §11-11-144 Provisions governing loans and other financing to sponsors of multifamily units and day-care facilities.
- §11-11-145 Rules to conform to federal guidelines.
- §11-11-146 Municipal or county government certification of need and market study prerequisite to financing multifamily project.
- §11-11-146.1 Market study--Required contents.
- §11-11-147 Temporary construction and development loans for multifamily projects and day-care facilities.
- §11-11-148 Loans restricted to sponsors meeting statutory definition.
- §11-11-149 Amount and amortization period of FHA loans.
- §11-11-150 Amount and amortization of non-FHA loans.
- §11-11-151 Terms, provisions and form of loans or other financing to be approved.
- §11-11-152 Interest rates on which loans made--Additional charges.
- §11-11-153 Repealed.
- §11-11-154 Criteria for determining priority of loans.
- §11-11-155 Bonds and assurances required of sponsor receiving loans.
- §11-11-156 Restrictions on rent, charges, property disposition and franchises of sponsor receiving loans and other financing.
- §11-11-157 Restrictions on profit distribution by housing sponsor receiving loan.
- §11-11-158 Establishment of sponsor's equity in housing development.
- §11-11-159 Rent reductions on accumulation of excess earnings--Increase in reserves permitted.
- §11-11-160 Access of authority to premises of development or project--Inspection and audits--Costs.
- §11-11-161 Changes and repairs ordered in development.
- §11-11-162 Orders by authority to comply with laws and regulations--Prosecution of violations.
- §11-11-163 Accounts, records, and reports required of multifamily unit sponsors and day-care facilities.
- §11-11-164 Access of authority to multifamily units and day-care facilities--Inspection and audits.
- §11-11-165 Costs allowable in multifamily units and day-care facilities--Audit and certification.
- §11-11-166 Tenant selection standards for multifamily units.
- §11-11-167 Repealed.
- §11-11-168 Sponsor plans for tenant selection--Regulations.
- §11-11-169 Tenant selection by local commission.
- §11-11-170 to 11-11-174. Repealed.
- §11-11-175 Supervision by authority of maintenance of multifamily unit and day-care facility--Repairs ordered.
- §11-11-176 Schedule of rents and charges for multifamily unit and day-care facility.
- §11-11-177 Inspection and auditing fees for multifamily units and day-care facilities.
- §11-11-178 Compliance with laws and regulations required in multifamily units and day-care facilities.
- §11-11-179 Retirement and redemption of investments in sponsor of multifamily units and day-care facilities.
- §11-11-180 General power to make rules and regulations.
- §11-11-181 Annual report by authority to Governor and Legislature.
- §11-11-182 Annual audit of authority--Filing with department.
- §11-11-183 Chapter cumulative and supplemental to other laws.
- §11-11-184 Chapter controlling over other laws.
- §11-11-185 Citation of chapter.
- §11-11-186 Energy conservation standards--Enforcement--Certification of inspectors.
- §11-11-187 Rules governing energy conservation inspections.
- §11-11-188 Rules to adopt more extensive energy use and consumption standards prohibited.
- §11-11-189 Repealed.
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