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South Dakota Codified Laws

Chapter 28-18

S.D. Codified Laws ch. 28-18

Facilities for Care of the Aged

28-18-1Formation of nonprofit corporations for care of aged authorized.28-18-2Area of operation of nonprofit corporation--Control by board of directors.28-18-3Self-liquidating bonds issued by nonprofit corporation.28-18-4Cooperation and contributions of private and public agencies accepted by nonprofit corporation--Charges and conditions for admission.28-18-5Lease of property to nonprofit corporation by Department of Social Services.28-18-6County and municipal contributions to nonprofit corporations--Maximum--Appropriation from general fund.28-18-7Municipal revenue bonds authorized for establishment and operation of facilities for the aged.28-18-8Authorization, issuance, and sale of bonds.28-18-9Municipal revenue bonds payable solely from revenues--Credit and taxing power not pledged--Indebtedness not within constitutional limits.28-18-10RepealedRepealed 28-18-11Covenants and agreements in municipal revenue bonds for protection of bondholders--Remedies of bondholders.28-18-12Reference in bonds to authorizing resolutions--Negotiability.28-18-13RepealedRepealed 28-18-14Special fund created prior to delivery of bonds--Gross receipts pledged to fund.28-18-1528-18-15, 28-18-16. Repealed by SL 1984, ch 43, § 131 28-18-17Rentals and charges established by municipality--Expenses and bond retirement covered by revenues.28-18-17.1Lease-purchase agreements authorized--Pledge of facility and net earnings to payment of bonds and interest.28-18-18Operational expenses paid from special fund--Appropriations for payment of bonds.28-18-19Findings and determinations binding on municipality.28-18-20Severability of provisions.