2020 South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 51 - Municipal Parking Facilities
Section 9-51-11 - Alternative means of financing parking facilities.
9-51-11. Alternative means of financing parking facilities.
Any municipality may pay for any portion of the cost of providing automobile parking facilities by:
(1)Appropriating moneys for the purposes authorized in §9-51-10;
(2)Appropriating any part or all of the net revenues derived from the operation of its automobile parking facilities including the net revenue from on-street parking meters;
(3)Imposing reasonable rates, rents, fees, and charges for the use of any on-street or off-street parking privilege or facility which may be in excess of actual cost of operation, maintenance, regulation, and supervision of parking at the particular location where the privilege is exercised;
(4)Leasing any off-street facilities at specified or determinable rents to be paid the municipality under a lease made as authorized and limited in §9-51-32;
(5)Borrowing money and issuing bonds as authorized and limited in §§9-51-13 to 9-51-28, inclusive;
(6)Borrowing money and issuing general obligation bonds in the manner and after authorization as provided in chapter 9-26 as may be hereafter amended;
(7)Any combination of all or any of the foregoing.
Source: SL 1955, ch 216, §4; SDC Supp 1960, §45.02A04; SL 1984, ch 43, §90.
