Economic Development Projects

  1. Law
  2. South Dakota Codified Laws
  3. Municipal Government
  4. Economic Development Projects

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Section
9-54-1

Purpose of chapter.

Section
9-54-2

Power to issue bonds, acquire or construct projects and enter revenue agreements--Location of projects.

Section
9-54-2.1

Power to issue revenue bonds, purchase or discharge debt of nonprofit corporation operating health care or housing facility and enter revenue agreements--Location of project.

Section
9-54-2.2

Restriction on use of bonds for elderly housing projects.

Section
9-54-3

"Revenue bonds" defined.

Section
9-54-3.1

"Revenue agreement" defined.

Section
9-54-4

Costs to be covered by bonds--Authorization, issuance and sale of bonds.

Section
9-54-5

Amount of bond issue limited by costs.

Section
9-54-6

Bonds not general obligations nor payable by taxation--Recitals in bonds.

Section
9-54-7

Mortgage of project and pledge of revenues to payment of bonds--Trust funds--Other covenants and agreements.

Section
9-54-8

Lease or sale payments sufficient to pay bonds and costs--Payments in lieu of property taxes.

Section
9-54-8.1

Lease with option to purchase--Title acquired before bonds retired--Pledge for payment of bonds.

Section
9-54-9

Municipal obligations restricted by contractual payments from facilities.

Section
9-54-10

County and sanitary district powers.

Section
9-54-11

Municipal joint or cooperative agreements.

Section
9-54-12

Compliance with federal requirements for tax exemption.