PocketLaw | South Dakota Codified Laws | Municipal Parking Facilities

Municipal Parking Facilities

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

Legislative findings and policy.

Section
9-51-1.1

Appointive board to manage parking facilities--Contents of ordinance.

Portion of parking meter revenues accumulated in parking lot and area fund--Approval of voters required--Computation of revenues.

Parking meter revenues released on determination to issue bonds.

Use of moneys in parking lot and area fund--Retirement of bonds as proper purpose--Use for street construction and maintenance.

Utility revenue bonds and general obligation bonds authorized for acquisition, improvement, and operation of off-street parking lots.

Contract for purchase or lease of parking lot authorized--Maximum term.

Appraisement of property being purchased for parking lot--Maximum price.

Annual appropriations for parking lot operated under contract--Prior application of parking meter revenues.

Parking facility financing law--Definition of terms.

Section
9-51-10

Acquisition, improvement and operation of parking facilities--Traffic control devices--Use of municipal funds.

Section
9-51-11

Alternative means of financing parking facilities.

Section
9-51-11.1

Repealed.

Section
9-51-12

State and federal aid to municipal parking facilities--Agreement by municipality.

Section
9-51-13

Issuance of parking facility revenue bonds authorized.

Section
9-51-14

Ordinance authorizing revenue bonds--Pledge and definition of net revenues.

Section
9-51-15

Contents of resolution or ordinance--Covenants and agreements with bondholders.

Section
9-51-16

Issuance and sale of bonds--Reference to ordinance for matters not covered in bonds--Negotiability.

Section
9-51-17

Repealed.

Section
9-51-18

Bondholders have no right to compel tax levy or appropriation.

Section
9-51-19

Additional bonds if original issue insufficient--Junior to prior issues unless other provision made.

Section
9-51-20

Repealed.

Section
9-51-21

Revenue bonds not municipal indebtedness.

Section
9-51-22

General obligation bonds authorized for parking facilities.

Section
9-51-23

Net revenues pledged to payment of special obligation bonds--Additional covenants authorized.

Section
9-51-24

Agreement by municipality to levy property tax--Indebtedness within constitutional limitation--Levy of irrepealable tax--Maximum levy.

Section
9-51-25

Agreement to levy tax to cover deficiency--Levy notwithstanding omission of covenant--Levy in anticipation of deficiency--Maximum levy.

Section
9-51-26

Agreement to levy tax when bonds due--Certification to county auditor.

Section
9-51-27

Spread of tax against taxable property within municipality--Certification to auditor of more than one county.

Section
9-51-28

Tax proceeds placed in debt service fund--Transfers from revenue fund to debt service fund--Reduction of tax levy.

Section
9-51-29

Repealed.

Section
9-51-30

Covenants and stipulations for administration of parking facilities and security of bondholders--Bondholders' right to compel performance--Lien not granted.

Section
9-51-31

Repealed.

Section
9-51-32

Lease of municipally owned parking facilities--Regulation of rates--Improvements by lessee--Publication of terms of lease.

Section
9-51-33

Operating management contracts for municipally owned parking facilities.

Section
9-51-34

Financing law alternative and independent of other laws.

Section
9-51-35

Parking district law--Definition of terms.

Section
9-51-36

Acquisition, improvement and maintenance of parking facilities authorized--Additional to other powers.

Sections
9-51-37 - to 9-51-47

1. Repealed.

Section
9-51-48

Municipal and parking meter funds used to maintain parking facilities.

Section
9-51-49

Charges for use of parking facilities--Public parking facility fund--Application of fund.

Section
9-51-50

Repealed.

Section
9-51-51

Discontinuance or diversion of use of parking facilities--Contracts and covenants to be honored--Referendum.