LegalFix
Sign In

§ 1-16A-46 Pooling of leases for pledge of revenues.

SD Codified L § 1-16A-46 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1-16A-46. Pooling of leases for pledge of revenues. In addition to the foregoing, bonds of the authority may be secured by a pooling of leases whereby the authority may assign its rights, as lessor, and pledge rents under two or more leases of the facilities with two or more participating health institutions or participating educational institutions, as lessees respectively, upon such terms as may be provided for in the resolutions of the authority or as may be provided for in a trust indenture authorized by the authority.

Source: SL 1972, ch 10, § 12.

Previous Section
§ 1-16A-45 Maintenance, rental and funding agreements in bond resolution.
Next Section
§ 1-16A-47 Bond redemption privileges retained.