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 9 - Municipal Government
/
Chapter 54 - Economic Development Projects
Chapter 54 - Economic Development Projects
§ 9-54-1 Purpose of chapter.
§ 9-54-2 Power to issue bonds, acquire or construct projects and enter revenue agreements--Location of projects.
§ 9-54-2.1 Power to issue revenue bonds, purchase or discharge debt of nonprofit corporation operating health care or housing facility and enter revenue agreements--Location of project.
§ 9-54-2.2 Restriction on use of bonds for elderly housing projects.
§ 9-54-3 "Revenue bonds" defined.
§ 9-54-3.1 "Revenue agreement" defined.
§ 9-54-4 Costs to be covered by bonds--Authorization, issuance and sale of bonds.
§ 9-54-5 Amount of bond issue limited by costs.
§ 9-54-6 Bonds not general obligations nor payable by taxation--Recitals in bonds.
§ 9-54-7 Mortgage of project and pledge of revenues to payment of bonds--Trust funds--Other covenants and agreements.
§ 9-54-8 Lease or sale payments sufficient to pay bonds and costs--Payments in lieu of property taxes.
§ 9-54-8.1 Lease with option to purchase--Title acquired before bonds retired--Pledge for payment of bonds.
§ 9-54-9 Municipal obligations restricted by contractual payments from facilities.
§ 9-54-10 County and sanitary district powers.
§ 9-54-11 Municipal joint or cooperative agreements.
§ 9-54-12 Compliance with federal requirements for tax exemption.