PocketLaw | South Dakota Codified Laws | Utility Facilities And

Utility Facilities And Revenue Bonds

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

Municipal power to acquire and operate utility systems--Types of services provided--Limits of service area.

Systems defined as utilities.

Combining of systems and services into single utility system.

Utility facilities outside municipal limits.

Section
9-40-4.1

Water pollution prevention contracts.

Section
9-40-4.2

Financial aid for sewerage and water facility systems--Federal contracts.

Section
9-40-4.3

Contracts and creation of body for operation of sewerage and water facility systems.

Bond issue for erection or acquisition of utility--Credit of municipality not used--Authorization--Issuance--Sale.

Revenue bond issue for extension or improvement of utility.

Additional revenue bonds authorized when original issue insufficient--Priority of issues.

Provision for additional bond issues of equal standing.

Provision for extension or improvement of utility by additional bond issue--Junior to prior issues.

Section
9-40-10

Resolution or ordinance to refer to chapter--Purchase price for utility to be specified.

Section
9-40-11

Ordinance provisions for utility operation and security of bondholders.

Sections
9-40-12 - to 9-40-14

Repealed.

Section
9-40-15

Bonds payable from revenue--Circumstances not requiring election.

Section
9-40-15.1

Collection of charges for sewerage, water services, and drainage basin utility districts--Amount and basis of charges--Surcharge on water bills.

Section
9-40-16

Pledge of revenue to separate fund--Separate account for bond payments and reserve--Depreciation account and operational costs.

Section
9-40-17

Revenue pledged to payment of extension and improvement bonds--Prior pledge for original bond issue.

Section
9-40-18

Taxing power not used for payment of revenue bonds--Restriction on use of other municipal funds.

Section
9-40-19

Chapter and resolution or ordinance incorporated in terms of bonds.

Section
9-40-20

Repealed.

Section
9-40-21

Separate or combined acquisition of utilities--Purchase price.

Section
9-40-22

Payment of purchase price by issuance of bonds.

Section
9-40-23

Bonds set apart for payment of underlying debt--Income set aside for debt retirement.

Section
9-40-24

Exchange of bonds for underlying debt--Application of proceeds to debt.

Section
9-40-25

Bondholders' statutory mortgage on utility--Disposition of utility prohibited until bonds retired.

Section
9-40-26

Statutory lien continued until bonds paid.

Section
9-40-27

Enforcement by bondholders of statutory mortgage and requirements of chapter.

Section
9-40-28

Rates to cover bond retirement and operational costs.

Section
9-40-29

Municipality to pay for services rendered by utility.

Section
9-40-30

Surplus transferred to depreciation account.

Section
9-40-31

Expenditures from depreciation account--Investment of accumulations.

Section
9-40-32

Surplus applied to other municipal or public purposes.

Section
9-40-33

Receivership on default or mismanagement--Powers of receiver.

Section
9-40-34

Judicial approval of rates charged during receivership--Criteria for establishment of rates.

Section
9-40-35

Termination of receivership and restoration of municipal control.

Section
9-40-36

Repealed.

Section
9-40-37

Sale and lease-back arrangements for waterworks and waste disposal facilities.

Section
9-40-38

Sale of waterworks and waste disposal facilities--Conditions.

Section
9-40-39

Tax exemption of waterworks and waste disposal facilities.

Section
9-40-40

Sale and lease-back powers additional--Restrictions.

Section
9-40-41

Drainage utility fund--Fees.