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§ 11-7-53.2 Approval of housing development project plan required before issuance of bonds or obligations.

SD Codified L § 11-7-53.2 (2019) (N/A)
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11-7-53.2. Approval of housing development project plan required before issuance of bonds or obligations. Before the issuance of bonds or obligations for a housing development project proposed by a commission under § 11-7-53.1, the commission shall prepare and submit for the governing body's approval a plan addressing the following requirements:

(1) The housing needs of the municipality and the data demonstrating those needs;

(2) The plan of the municipality to meet identified housing needs, and the specific methods to be used to carry out the plan;

(3) Target areas, if any, of the municipality for each method; and

(4) A general description of the program or programs to be implemented to meet the housing needs identified in the plan.Source: SL 1995, ch 80, § 3.

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§ 11-7-53.1 Housing development project--Necessity--Eminent domain requirements--Sale or lease of interest to private developers--Sale or lease for other purposes--Power of commission.
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§ 11-7-53.3 Competitive bidding on construction of housing development project.