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South Dakota Codified Laws
Title 1
Chapter 1-16B
S.D. Codified Laws ch. 1-16B
Economic Development Finance Authority
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1-16B-1
Definitions.
1-16B-2
Repealed
Repealed
1-16B-3
Repealed
Repealed
1-16B-4
Repealed
Repealed
1-16B-5
Repealed
Repealed
1-16B-6
Repealed
Repealed
1-16B-7
Finance authority created.
1-16B-8
Board of directors--Appointment of members.
1-16B-9
Quorum of board--Action by majority present.
1-16B-10
Commissioner as chief administrative officer.
1-16B-11
Staff services to authority--Funds from which expenses paid.
1-16B-12
Transfer of income from capital reserve fund to a general account--Continuous appropriation for purposes of chapter.
1-16B-13
Obsolete.
1-16B-14
Powers of authority.
1-16B-14.1
Exemption of documentary material and data involving trade secrets, etc., from disclosure--Consideration by authority in executive session.
1-16B-15
Power to issue notes and bonds--Maximum outstanding.
1-16B-16
Issuance, renewal, payment, and refunding of notes and bonds--Application of proceeds of refunding bonds.
1-16B-17
Notes and bonds as general obligations of authority--Funds from which payable.
1-16B-18
Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale.
1-16B-19
State pledge not to impair powers of authority--Inclusion in terms of notes or bonds.
1-16B-20
Obligations payable only from assets of authority--Statement on face of obligations.
1-16B-21
Repurchase and cancellation of notes and bonds--Maximum price paid.
1-16B-22
Issuance of refunding obligations--Terms governed by chapter.
1-16B-23
Disposition of refunding obligations--Application or investment of proceeds.
1-16B-24
Bonds and notes as legal investments for public and fiduciary funds.
1-16B-25
Appointment of trustee on default in payment of bonds or notes.
1-16B-26
Trustee's powers in protection of bondholders or noteholders.
1-16B-27
Notice required of trustee before declaring principal due.
1-16B-28
Incidental powers of trustee.
1-16B-29
Capital reserve fund required--Moneys paid in.
1-16B-30
Amounts required in capital reserve fund.
1-16B-31
Application of capital reserve fund--Transfer of income.
1-16B-32
Bonds and notes not issued when capital reserve below required amount.
1-16B-33
Annual budget estimate for restoration of capital reserve fund--Governor's budget--Application of appropriated funds.
1-16B-34
Establishment of loan funds--Investment.
1-16B-35
Cooperation with local agencies.
1-16B-36
Determination of desirability of development projects.
1-16B-37
Power to make loans to local agencies--Repayment provisions.
1-16B-38
Maximum loan to local agency--Vote required for approval.
1-16B-39
Repealed
Repealed
1-16B-40
Application by local agency for loan--Contents.
1-16B-41
Loans made only when other loans not available.
1-16B-42
Preference to projects for processing raw materials produced in state.
1-16B-43
Maximum percentage of cost loaned to local agency--Assurances as to other financing.
1-16B-44
Adjustment of local funding requirements when federal agency participates--Subordination to mortgage held by federal agency.
1-16B-45
Pledge to United States not to impair powers of authority.
1-16B-46
Terms of loan to local agency--Subordination to other loans.
1-16B-47
Foreclosure to take title to development project--Sale or lease.
1-16B-48
Annual reports of authority--Contents.
1-16B-49
Cumulative rights and powers of authority.
1-16B-50
Annual action plan--Annual informational report.
1-16B-51
Repealed
Repealed
1-16B-52
Issuance of bonds and obligations--Additional proceedings not required--Transferred rights, powers, privileges, and functions supplementary--Liberal construction.
1-16B-53
Preferred development project defined.
1-16B-54
Direct mortgage loans for preferred development projects.
1-16B-55
Authority may contract to manage payment or interest rate risk for bonds.
1-16B-56
Value Added Finance Authority Abolished--Duties and responsibilities transferred--Economic Development Finance Authority and Board of Economic Development.
1-16B-57
Duties and goals--Agricultural production.
1-16B-58
Lending power of authority.
1-16B-59
Bond authorization, terms, and sale--Interest rate--Noninterest-bearing bonds.
1-16B-60
Pledges by authority.
1-16B-61
Redemption of bonds.
1-16B-62
Trust indenture securing authority bonds.
1-16B-63
Proceeds of bonds--Investments.
1-16B-64
Bonds as negotiable instruments.
1-16B-65
Execution of bonds--Seal.
1-16B-66
Immunity from personal liability on bonds.
1-16B-67
Conflict of interest --Disclosure--Participation in transaction.
1-16B-68
Tax exemption--Filing fee exemption.
1-16B-69
Bonds as authorized investments and securities for deposits.
1-16B-70
Promulgation of rules.
1-16B-71
Liberal construction of chapter.
1-16B-72
Disposition of authority assets on dissolution.
1-16B-73
Compliance with Internal Revenue Code.