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South Dakota Codified Laws

Chapter 9-51

S.D. Codified Laws ch. 9-51

Municipal Parking Facilities

9-51-1Legislative findings and policy.9-51-1.1Appointive board to manage parking facilities--Contents of ordinance.9-51-2Portion of parking meter revenues accumulated in parking lot and area fund--Approval of voters required--Computation of revenues.9-51-3Parking meter revenues released on determination to issue bonds.9-51-4Use of moneys in parking lot and area fund--Retirement of bonds as proper purpose--Use for street construction and maintenance.9-51-5Utility revenue bonds and general obligation bonds authorized for acquisition, improvement, and operation of off-street parking lots.9-51-6Contract for purchase or lease of parking lot authorized--Maximum term.9-51-7Appraisement of property being purchased for parking lot--Maximum price.9-51-8Annual appropriations for parking lot operated under contract--Prior application of parking meter revenues.9-51-9Parking facility financing law--Definition of terms.9-51-10Acquisition, improvement and operation of parking facilities--Traffic control devices--Use of municipal funds.9-51-11Alternative means of financing parking facilities.9-51-11.1RepealedRepealed 9-51-12State and federal aid to municipal parking facilities--Agreement by municipality.9-51-13Issuance of parking facility revenue bonds authorized.9-51-14Ordinance authorizing revenue bonds--Pledge and definition of net revenues.9-51-15Contents of resolution or ordinance--Covenants and agreements with bondholders.9-51-16Issuance and sale of bonds--Reference to ordinance for matters not covered in bonds--Negotiability.9-51-17RepealedRepealed 9-51-18Bondholders have no right to compel tax levy or appropriation.9-51-19Additional bonds if original issue insufficient--Junior to prior issues unless other provision made.9-51-20RepealedRepealed 9-51-21Revenue bonds not municipal indebtedness.9-51-22General obligation bonds authorized for parking facilities.9-51-23Net revenues pledged to payment of special obligation bonds--Additional covenants authorized.9-51-24Agreement by municipality to levy property tax--Indebtedness within constitutional limitation--Levy of irrepealable tax--Maximum levy.9-51-25Agreement to levy tax to cover deficiency--Levy notwithstanding omission of covenant--Levy in anticipation of deficiency--Maximum levy.9-51-26Agreement to levy tax when bonds due--Certification to county auditor.9-51-27Spread of tax against taxable property within municipality--Certification to auditor of more than one county.9-51-28Tax proceeds placed in debt service fund--Transfers from revenue fund to debt service fund--Reduction of tax levy.9-51-29RepealedRepealed 9-51-30Covenants and stipulations for administration of parking facilities and security of bondholders--Bondholders' right to compel performance--Lien not granted.9-51-31RepealedRepealed 9-51-32Lease of municipally owned parking facilities--Regulation of rates--Improvements by lessee--Publication of terms of lease.9-51-33Operating management contracts for municipally owned parking facilities.9-51-34Financing law alternative and independent of other laws.9-51-35Parking district law--Definition of terms.9-51-36Acquisition, improvement and maintenance of parking facilities authorized--Additional to other powers.9-51-37RepealedRepealed 9-51-48Municipal and parking meter funds used to maintain parking facilities.9-51-49Charges for use of parking facilities--Public parking facility fund--Application of fund.9-51-50RepealedRepealed 9-51-51Discontinuance or diversion of use of parking facilities--Contracts and covenants to be honored--Referendum.