PocketLaw | South Dakota Codified Laws | South Dakota Building

South Dakota Building Authority

Checkout our iOS App for a better way to browser and research.

Authority created--Composition--Initial terms--Political affiliation--Chairman.

Section
5-12-1.1

Authority continued within Bureau of Finance and Management--Records and reports.

Section
5-12-1.2

Meaning of United States Department of Agriculture Conservation Reserve Program.

Terms of members--Vacancies--Quorum.

Oath and bond of members.

Members receive no compensation--Reimbursement of expenses.

Employment of personnel.

Common seal of authority.

Purposes of authority.

Studies and investigations of land needs.

Section
5-12-8.1

Additional powers with respect to projects under §5-12-8.

Repealed.

Section
5-12-10

Transfer of state property to authority.

Section
5-12-11

Power of authority to acquire property--Methods of acquisition.

Section
5-12-11.1

Standards and specifications to accommodate persons with disabilities.

Section
5-12-12

Plans and specifications for projects to be undertaken.

Section
5-12-13

Lease of facilities and sites to state agencies authorized--Commencement of payments under lease.

Section
5-12-14

Terms, conditions, and rental under leases--Annual extension provision.

Section
5-12-15

Lessee's option to purchase--Conveyance on exercise of option.

Section
5-12-16

Taxes and insurance added to rental properties--Authorization to self-insure.

Section
5-12-17

Authority's power to use facilities for other purposes on nonpayment of rent--Appropriations and funds from which rent payable.

Section
5-12-18

Costs and reserves to be covered by rent and charges.

Section
5-12-19

Tax exemption of property owned or leased by authority--Exception.

Section
5-12-20

Resolutions for revenue bonds authorized--Purpose--Legislative approval required.

Section
5-12-21

Purposes for which bonds issued--Refunding and refinancing--Pledge of income.

Section
5-12-22

Terms and interest rate of bonds.

Section
5-12-23

Revenues and income from which bonds payable--Use of educational facilities fund--Disposition of revenues.

Section
5-12-24

Execution and registration of bonds--Validity of signature by officers.

Section
5-12-25

Restrictions on obligation stated on face of bonds.

Section
5-12-26

Creation of state obligation not authorized.

Section
5-12-27

Contract with bondholders--Bondholders' remedies.

Section
5-12-27.1

Refunding bonds authorized--Purposes.

Section
5-12-27.2

Amount of refunding bonds.

Section
5-12-27.3

Exchange or sale of refunding bonds--Proceeds of sale--Cancellation of bonds and coupons--Evidence of discharge of interest obligation.

Section
5-12-27.4

Exchange or sale of bonds--Disposition of proceeds of sale.

Section
5-12-27.5

Assistance in conserving and improving soil and water resources of highly erodible cropland by means of loans--Revenue bonds and interim notes authorized.

Section
5-12-27.6

No indebtedness to be charged against state.

Section
5-12-27.7

Acceptance and expenditure of gifts, contributions, etc., authorized.

Section
5-12-27.8

Lease and sublease agreements with South Dakota Building Authority authorized to support purpose and payment of revenue bonds or interim notes.

Section
5-12-28

Interim notes authorized--Purposes of borrowing.

Section
5-12-29

Resolution for issuance of interim notes--Interest rate--Maturity date.

Section
5-12-30

Terms and registration of interim notes--Redemption prior to maturity--Execution of notes--Pledge of income and revenue.

Section
5-12-31

Additional provisions to secure payment of interim notes.

Section
5-12-32

Debt limitations not applicable to interim notes--Personal liability not created by execution of notes.

Section
5-12-33

Payment of interim notes or purchase of government obligations with proceeds from sale of revenue bonds.

Section
5-12-34

Disposition of income under chapter--Public building fund.

Section
5-12-35

Accounts maintained by authority--Purpose of disbursements from public building fund.

Section
5-12-36

Authority to convey property to state when debt paid or payment provided for--Reversion to authority.

Section
5-12-37

Record of rental payments under lease--Conveyance to lessee after amortization of debt.

Section
5-12-38

Annual audit.

Section
5-12-38.1

Informational budget required.

Section
5-12-39

Contractual power of authority.

Section
5-12-40

Bylaws, rules, and regulations of authority.

Section
5-12-41

Severability of provisions.

Section
5-12-42

Sale and lease-back arrangements--Sales and land leases authorized--Use of proceeds.

Section
5-12-43

Sale and lease-back arrangements--Contracts to acquire use or ownership authorized--Terms.

Section
5-12-44

Provisions applicable to contracts to acquire use or ownership.

Section
5-12-45

Revenue bonds to finance sale and lease-back arrangements--Lending proceeds--Refund or refinance of obligations.

Section
5-12-46

Legislative approval required for sale and lease-back arrangements.

Section
5-12-47

Revenue obligations--Issuance--Purpose--Funds for payment.

Section
5-12-47.1

Payment of lease rental obligations to South Dakota Building Authority by Bureau of Finance and Management.

Section
5-12-47.2

Irrevocable escrow agreement for defeasance and payment of lease revenue trust certificates and bonds--Arrangements to pay governmental expenses.

Section
5-12-48

Definition of terms.

Section
5-12-48.1

Authority may invest funds in certain permitted investments.

Section
5-12-49

Transfer and sale of state's right to tobacco settlement revenues--Disposition of funds--Written agreement--Filing of agreement.

Section
5-12-50

Establishment of special purpose corporation--Limitations--Board membership--Powers of corporation.

Section
5-12-50.1

Bond transactions to be public records subject to disclosure.

Section
5-12-51

Purposes of special purpose corporation.

Section
5-12-52

Bonds of corporation not a lien, charge or liability against the state--Pledge of education enhancement trust funds prohibited.

Section
5-12-53

Pledge of non-interference by state to impair terms of bonds--Liability of state on bonds.

Section
5-12-54

Liability of authority and special purpose corporation.

Section
5-12-55

Special purpose corporation treated as public instrumentality of state--Income of authority and corporation not taxed--Obligations of corporation deemed public securities.

Section
5-12-56

Employees of special purpose corporation.

Section
5-12-57

5-12-58. Repealed.

Section
5-12-59

State pledge to honor agreements of authority or corporation with regard to certain federal income tax exclusions.

Section
5-12-60

Repealed.

Section
5-12-61

Authority may contract to manage payment or interest rate risk for bonds.