Consumers Power District Borrowing And Indebtedness

  1. Law
  2. South Dakota Codified Laws
  3. Public Utilities and Carriers
  4. Consumers Power District Borrowing And Indebtedness

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Section
49-39-1

Authority to borrow--Funds available for repayment--Security for loan.

Section
49-39-2

Pledging revenues as security for borrowing.

Section
49-39-3

Resolution specifying particular revenues pledged.

Section
49-39-4

Refunding of indebtedness--Issuance of refunding securities--Disposition of proceeds.

Section
49-39-5

Payment of pledged revenues into special fund--Use of revenues--Designation of depository.

Section
49-39-6

Sale of bonds.

Section
49-39-6.1

Issuance of variable rate obligations--Authorization by resolution--Scope.

Section
49-39-6.2

Enhancement of security for variable rate obligations--Credit agreements--Payment of costs.

Section
49-39-7

Agreement with bondholders respecting charges for electricity.

Section
49-39-8

Pledging revenues to secure federal indebtedness--State not liable.

Section
49-39-9

Default on bonds--Operation of district by creditors--Priority of payment--Restoration of district to control.

Section
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.

Section
49-39-11

Pledges of revenues and refunding securities--Validation--Retroactive application.