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S.D. Codified Laws ch. 49-39 – Consumers Power District Borrowing and Indebtedness | Midpage
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South Dakota Codified Laws
Title 49
Chapter 49-39
S.D. Codified Laws ch. 49-39
Consumers Power District Borrowing and Indebtedness
49-39-1
Authority to borrow--Funds available for repayment--Security for loan.
49-39-2
Pledging revenues as security for borrowing.
49-39-3
Resolution specifying particular revenues pledged.
49-39-4
Refunding of indebtedness--Issuance of refunding securities--Disposition of proceeds.
49-39-5
Payment of pledged revenues into special fund--Use of revenues--Designation of depository.
49-39-6
Sale of bonds.
49-39-6.1
Issuance of variable rate obligations--Authorization by resolution--Scope.
49-39-6.2
Enhancement of security for variable rate obligations--Credit agreements--Payment of costs.
49-39-7
Agreement with bondholders respecting charges for electricity.
49-39-8
Pledging revenues to secure federal indebtedness--State not liable.
49-39-9
Default on bonds--Operation of district by creditors--Priority of payment--Restoration of district to control.
49-39-10
Default on bonds--Court appointment of receiver--Authority of receiver to operate district--Discharge of receiver and return of district to control.
49-39-11
Pledges of revenues and refunding securities--Validation--Retroactive application.