Individuals & Families
Small Businesses
Nonprofits
Employers
Employee Benefits Brokers
PEOs
Credit Unions
Membership Groups
Legal Information
Sign In
/
U.S. State Codes
/
South-Dakota
/
Title 5 - Public Property, ...
/
Chapter 12 - South Dakota Building Authority
Chapter 12 - South Dakota Building Authority
§ 5-12-1 Authority created--Composition--Initial terms--Political affiliation--Chairman.
§ 5-12-1.1 Authority continued within Bureau of Finance and Management--Records and reports.
§ 5-12-1.2 Meaning of United States Department of Agriculture Conservation Reserve Program.
§ 5-12-2 Terms of members--Vacancies--Quorum.
§ 5-12-3 Oath and bond of members.
§ 5-12-4 Members receive no compensation--Reimbursement of expenses.
§ 5-12-5 Employment of personnel.
§ 5-12-6 Common seal of authority.
§ 5-12-7 Purposes of authority.
§ 5-12-8 Studies and investigations of land needs.
§ 5-12-8.1 Additional powers with respect to projects under § 5-12-8.
§ 5-12-9 Repealed.
§ 5-12-10 Transfer of state property to authority.
§ 5-12-11 Power of authority to acquire property--Methods of acquisition.
§ 5-12-11.1 Standards and specifications to accommodate persons with disabilities.
§ 5-12-12 Plans and specifications for projects to be undertaken.
§ 5-12-13 Lease of facilities and sites to state agencies authorized--Commencement of payments under lease.
§ 5-12-14 Terms, conditions, and rental under leases--Annual extension provision.
§ 5-12-15 Lessee's option to purchase--Conveyance on exercise of option.
§ 5-12-16 Taxes and insurance added to rental properties--Authorization to self-insure.
§ 5-12-17 Authority's power to use facilities for other purposes on nonpayment of rent--Appropriations and funds from which rent payable.
§ 5-12-18 Costs and reserves to be covered by rent and charges.
§ 5-12-19 Tax exemption of property owned or leased by authority--Exception.
§ 5-12-20 Resolutions for revenue bonds authorized--Purpose--Legislative approval required.
§ 5-12-21 Purposes for which bonds issued--Refunding and refinancing--Pledge of income.
§ 5-12-22 Terms and interest rate of bonds.
§ 5-12-23 Revenues and income from which bonds payable--Use of educational facilities fund--Disposition of revenues.
§ 5-12-24 Execution and registration of bonds--Validity of signature by officers.
§ 5-12-25 Restrictions on obligation stated on face of bonds.
§ 5-12-26 Creation of state obligation not authorized.
§ 5-12-27 Contract with bondholders--Bondholders' remedies.
§ 5-12-27.1 Refunding bonds authorized--Purposes.
§ 5-12-27.2 Amount of refunding bonds.
§ 5-12-27.3 Exchange or sale of refunding bonds--Proceeds of sale--Cancellation of bonds and coupons--Evidence of discharge of interest obligation.
§ 5-12-27.4 Exchange or sale of bonds--Disposition of proceeds of sale.
§ 5-12-27.5 Assistance in conserving and improving soil and water resources of highly erodible cropland by means of loans--Revenue bonds and interim notes authorized.
§ 5-12-27.6 No indebtedness to be charged against state.
§ 5-12-27.7 Acceptance and expenditure of gifts, contributions, etc., authorized.
§ 5-12-27.8 Lease and sublease agreements with South Dakota Building Authority authorized to support purpose and payment of revenue bonds or interim notes.
§ 5-12-28 Interim notes authorized--Purposes of borrowing.
§ 5-12-29 Resolution for issuance of interim notes--Interest rate--Maturity date.
§ 5-12-30 Terms and registration of interim notes--Redemption prior to maturity--Execution of notes--Pledge of income and revenue.
§ 5-12-31 Additional provisions to secure payment of interim notes.
§ 5-12-32 Debt limitations not applicable to interim notes--Personal liability not created by execution of notes.
§ 5-12-33 Payment of interim notes or purchase of government obligations with proceeds from sale of revenue bonds.
§ 5-12-34 Disposition of income under chapter--Public building fund.
§ 5-12-35 Accounts maintained by authority--Purpose of disbursements from public building fund.
§ 5-12-36 Authority to convey property to state when debt paid or payment provided for--Reversion to authority.
§ 5-12-37 Record of rental payments under lease--Conveyance to lessee after amortization of debt.
§ 5-12-38 Annual audit.
§ 5-12-38.1 Informational budget required.
§ 5-12-39 Contractual power of authority.
§ 5-12-40 Bylaws, rules, and regulations of authority.
§ 5-12-41 Severability of provisions.
§ 5-12-42 Sale and lease-back arrangements--Sales and land leases authorized--Use of proceeds.
§ 5-12-43 Sale and lease-back arrangements--Contracts to acquire use or ownership authorized--Terms.
§ 5-12-44 Provisions applicable to contracts to acquire use or ownership.
§ 5-12-45 Revenue bonds to finance sale and lease-back arrangements--Lending proceeds--Refund or refinance of obligations.
§ 5-12-46 Legislative approval required for sale and lease-back arrangements.
§ 5-12-47 Revenue obligations--Issuance--Purpose--Funds for payment.
§ 5-12-47.1 Payment of lease rental obligations to South Dakota Building Authority by Bureau of Finance and Management.
§ 5-12-47.2 Irrevocable escrow agreement for defeasance and payment of lease revenue trust certificates and bonds--Arrangements to pay governmental expenses.
§ 5-12-48 Definition of terms.
§ 5-12-48.1 Authority may invest funds in certain permitted investments.
§ 5-12-49 Transfer and sale of state's right to tobacco settlement revenues--Disposition of funds--Written agreement--Filing of agreement.
§ 5-12-50 Establishment of special purpose corporation--Limitations--Board membership--Powers of corporation.
§ 5-12-50.1 Bond transactions to be public records subject to disclosure.
§ 5-12-51 Purposes of special purpose corporation.
§ 5-12-52 Bonds of corporation not a lien, charge or liability against the state--Pledge of education enhancement trust funds prohibited.
§ 5-12-53 Pledge of non-interference by state to impair terms of bonds--Liability of state on bonds.
§ 5-12-54 Liability of authority and special purpose corporation.
§ 5-12-55 Special purpose corporation treated as public instrumentality of state--Income of authority and corporation not taxed--Obligations of corporation deemed public securities.
§ 5-12-56 Employees of special purpose corporation.
§ 5-12-57 , 5-12-58. Repealed.
§ 5-12-59 State pledge to honor agreements of authority or corporation with regard to certain federal income tax exclusions.
§ 5-12-60 Repealed.
§ 5-12-61 Authority may contract to manage payment or interest rate risk for bonds.
§ 5-12-62 Uncodified.
§ 5-12-63 Projects to be financed through issuance of revenue bonds.
§ 5-12-64 Authorizations and appropriations effective through June 30, 2015.
§ 5-12-65 State not liable for indebtedness, bonds, and obligations.
§ 5-12-66 Design and construction supervision--Vouchers--Warrants.
§ 5-12-67 Lease agreement with and rental payments by Board of Regents.
§ 5-12-68 Rental payments to be paid from appropriations and fees.