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South Dakota Codified Laws
Title 11
Chapter 11-11
S.D. Codified Laws ch. 11-11
South Dakota Housing Development Authority
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11-11-1
Legislative findings.
11-11-2
Declaration of necessity for development authority.
11-11-3
Powers necessary for development authority.
11-11-4
Declaration of public purposes and public interest.
11-11-5
Definition of terms.
11-11-5.1
Repealed
Repealed
11-11-6
Developments and projects subject to chapter.
11-11-7
Sponsors eligible under chapter.
11-11-8
Repealed
Repealed
11-11-9
Costs covered by chapter.
11-11-10
Development authority established--Administrator of federal housing program.
11-11-11
Reporting to Governor's Office of Economic Development.
11-11-12
Appointment of commissioners--Political affiliations.
11-11-13
State officers and employees eligible as commissioners.
11-11-14
Corporate officers and employees eligible as commissioners--Abstention on conflict of interests.
11-11-15
Terms of office of commissioners--Vacancy--Restrictions on reappointment.
11-11-16
Surety bonds of commissioners and executive director--Blanket bond--Payment of cost.
11-11-17
Removal of commissioner from office.
11-11-18
Officers of commissioners.
11-11-19
Meetings of commissioners--Quorum--Majority required for action.
11-11-20
Compensation of commissioners.
11-11-21
Executive director--Appointment and duties--Other personnel.
11-11-22
Salaries.
11-11-23
Benefits of state employees provided.
11-11-24
Records maintained by secretary--Certified copies--Publication of resolutions.
11-11-25
Powers of local commissions conferred upon authority--Approval by local governing body required--Cooperation with local commissions.
11-11-26
Power to carry out chapter.
11-11-27
Power to sue and be sued--Seal--Perpetual succession--Office.
11-11-28
Consolidation of processing for developments and projects.
11-11-29
Policy favoring private business firms.
11-11-30
Bylaws, rules, and regulations.
11-11-31
Research and development.
11-11-32
Repealed
Repealed
11-11-33
Advice and technical assistance to developments, projects and residents.
11-11-34
Cooperation with federal and other governmental agencies.
11-11-35
Repealed
Repealed
11-11-36
Execution of necessary instruments.
11-11-37
Acceptance of legislative appropriations--Purposes to which applied.
11-11-38
Annual informational budget required--Inclusion in Governor's budget report.
11-11-39
Acceptance of grants and contributions--Purposes to which applied.
11-11-40
Residual powers of authority.
11-11-41
Power to borrow and issue evidence of indebtedness.
11-11-42
Financing, reserves, and incidental costs included in amounts borrowed.
11-11-43
Issuance of notes and bonds--Purposes for which used.
11-11-44
Repealed
Repealed
11-11-45
Qualified private activity bonds--Maximum aggregate principal amount.
11-11-46
Repealed
Repealed
11-11-47
Authority as state issuing agency and housing credit agency.
11-11-48
Compliance with federal conditions for qualified mortgage bonds.
11-11-49
Public debt not created by authority obligations--Statement on face of obligations.
11-11-50
Refunding of notes and bonds.
11-11-51
Consent of other public agencies not required for bonds or notes--Procedural requirements of other laws not applicable.
11-11-52
Terms of notes and bonds--Maturity--Form of instruments--Interest--Redemption--Sale.
11-11-53
Notes and bonds as general obligations of authority--Exception.
11-11-54
Bond resolution provisions--Contracts with bondholders.
11-11-65
Trust indenture to secure bonds--Contents--Expenses of trust indenture--Separate trustee not authorized.
11-11-66
Pledge binding when made--Attachment of lien.
11-11-67
Continuing validity of signatures by commissioners or officers.
11-11-68
Repealed
Repealed
11-11-69
Purpose of capital reserve fund requirements.
11-11-70
Establishment of capital reserve funds--Moneys paid into funds.
11-11-71
Amount required in capital reserve fund for each year.
11-11-72
Valuation of securities held by capital reserve funds.
11-11-73
Transfer to other funds of capital reserve fund income.
11-11-74
Purposes to which moneys in reserve funds applied--Maintenance of required amount.
11-11-75
Deposit in reserve fund of bond proceeds necessary to maintain required amount.
11-11-76
Annual budget estimate for restoration of capital reserve fund--Governor's budget--Deposit of appropriated funds.
11-11-77
Other funds created by authority.
11-11-78
Purchase of authority's own bonds--Cancellation--Resale.
11-11-79
Price of bonds repurchased for cancellation.
11-11-80
Refunding obligations authorized--Application of provisions applicable to original obligations.
11-11-81
Sale or exchange of refunding obligations--Investment of proceeds pending redemption of original obligations.
11-11-82
Compliance with certain other state laws not required.
11-11-83
Appointment of trustee by bondholders after authority default.
11-11-84
Enforcement of bondholders' rights.
11-11-91
Circuit court jurisdiction of proceedings by trustee.
11-11-92
Repealed
Repealed
11-11-93
State pledge to bondholders.
11-11-94
Commissioners and executive director not personally liable.
11-11-95
Negotiability of bonds.
11-11-96
Securities regulation--Bonds treated as securities of state instrumentality.
11-11-97
Bonds as legal investments for financial institutions and fiduciaries.
11-11-97.1
Authority may contract to manage payment or interest rate risk for bonds.
11-11-98
Investment of authority funds.
11-11-99
Repealed
Repealed
11-11-100
Acquisition and disposition of property.
11-11-101
Exemption of authority from taxes, recording fees and transfer taxes.
11-11-102
Contracts--Mortgage loans--Foreclosure.
11-11-109
Repealed
Repealed
11-11-113
Repealed
Repealed
11-11-114
Confidentiality of applications and financial information.
11-11-115
Applications--Signatures and certification required--Perjury.
11-11-116
Repealed
Repealed
11-11-117
Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.
11-11-118
Additional lending powers of authority.
11-11-119
Purchase of mortgages from mortgage lenders.
11-11-120
Purchase of securities from mortgage lenders.
11-11-121
Repealed
Repealed
11-11-122
Loans to mortgage lenders for new residential mortgages.
11-11-123
Requirements for transactions with mortgage lenders.
11-11-124
Eligibility of obligations purchased from mortgage lenders for purchase or purchase commitment--Criteria.
11-11-125
Repealed
Repealed
11-11-134
Purchase of federally insured housing mortgages.
11-11-135
Sale or transfer of mortgage loan or obligation.
11-11-136
Repealed
Repealed
11-11-137
Court actions to enforce loans or protect the public interest--Foreclosure.
11-11-138
Receiver appointed to safeguard authority's loan.
11-11-139
Reorganization of housing sponsor subject to control by authority.
11-11-140
Notice to authority before sale of real property on judgment against housing sponsor--Protective steps taken by authority.
11-11-141
Promulgation of rules regarding borrowers, admission of occupants, and ancillary commercial facilities.
11-11-144
Provisions governing loans and other financing to sponsors of multifamily units and day-care facilities.
11-11-148
Loans restricted to sponsors meeting statutory definition.
11-11-149
Amount and amortization period of FHA loans.
11-11-150
Amount and amortization of non-FHA loans.
11-11-151
Terms and form of loans or other financing--Investment in multifamily residential housing projects and day-care facilities.
11-11-152
Interest rates on which loans made--Additional charges.
11-11-153
Repealed
Repealed
11-11-154
Repealed
Repealed
11-11-155
Surety bonds and other assurances of payment and performance.
11-11-161
Conditions of mortgage loan or other financing.
11-11-162
Repealed
Repealed
11-11-163
Supervision of multifamily residential housing units and day-care facilities.
11-11-167
Repealed
Repealed
11-11-179
Retirement and redemption of investments in sponsor of multifamily units and day-care facilities.
11-11-180
General power to make rules and regulations.
11-11-181
Annual report by authority to Governor and Legislature.
11-11-182
Annual audit of authority.
11-11-183
Chapter cumulative and supplemental to other laws.
11-11-184
Chapter controlling over other laws.
11-11-185
Citation of chapter.
11-11-189
Repealed
Repealed