Chapter

ECONOMIC DEVELOPMENT FINANCE AUTHORITY

S.D. Codified Laws § 1-16B-1— Definitions
S.D. Codified Laws § 1-16B-2— 1-16B-2. Repealed by SL 1986, ch 14, § 2
S.D. Codified Laws § 1-16B-3— Repealed
S.D. Codified Laws § 1-16B-4— Repealed
S.D. Codified Laws § 1-16B-5— 1-16B-5. Repealed by SL 1986, ch 14, § 4
S.D. Codified Laws § 1-16B-6— Repealed
S.D. Codified Laws § 1-16B-7— Finance authority created
S.D. Codified Laws § 1-16B-8— Board of directors--Appointment of members
S.D. Codified Laws § 1-16B-9— Quorum of board--Action by majority present
S.D. Codified Laws § 1-16B-10— Commissioner as chief administrative officer
S.D. Codified Laws § 1-16B-11— Staff services to authority--Funds from which expenses paid
S.D. Codified Laws § 1-16B-12— Transfer of income from capital reserve fund to a general account--Continuous appropriation for purposes of chapter
S.D. Codified Laws § 1-16B-13— 1-16B-13. Obsolete
S.D. Codified Laws § 1-16B-14— Powers of authority
S.D. Codified Laws § 1-16B-14.1— Exemption of documentary material and data involving trade secrets, etc., from disclosure--Consideration by authority in executive session
S.D. Codified Laws § 1-16B-15— Power to issue notes and bonds--Maximum outstanding
S.D. Codified Laws § 1-16B-16— Issuance, renewal, payment, and refunding of notes and bonds--Application of proceeds of refunding bonds
S.D. Codified Laws § 1-16B-17— Notes and bonds as general obligations of authority--Funds from which payable
S.D. Codified Laws § 1-16B-18— Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale
S.D. Codified Laws § 1-16B-19— State pledge not to impair powers of authority--Inclusion in terms of notes or bonds
S.D. Codified Laws § 1-16B-20— Obligations payable only from assets of authority--Statement on face of obligations
S.D. Codified Laws § 1-16B-21— Repurchase and cancellation of notes and bonds--Maximum price paid
S.D. Codified Laws § 1-16B-22— Issuance of refunding obligations--Terms governed by chapter
S.D. Codified Laws § 1-16B-23— Disposition of refunding obligations--Application or investment of proceeds
S.D. Codified Laws § 1-16B-24— Bonds and notes as legal investments for public and fiduciary funds
S.D. Codified Laws § 1-16B-25— Appointment of trustee on default in payment of bonds or notes
S.D. Codified Laws § 1-16B-26— Trustee's powers in protection of bondholders or noteholders
S.D. Codified Laws § 1-16B-27— Notice required of trustee before declaring principal due
S.D. Codified Laws § 1-16B-28— Incidental powers of trustee
S.D. Codified Laws § 1-16B-29— Capital reserve fund required--Moneys paid in
S.D. Codified Laws § 1-16B-30— Amounts required in capital reserve fund
S.D. Codified Laws § 1-16B-31— Application of capital reserve fund--Transfer of income
S.D. Codified Laws § 1-16B-32— Bonds and notes not issued when capital reserve below required amount
S.D. Codified Laws § 1-16B-33— Annual budget estimate for restoration of capital reserve fund--Governor's budget--Application of appropriated funds
S.D. Codified Laws § 1-16B-34— Establishment of loan funds--Investment
S.D. Codified Laws § 1-16B-35— Cooperation with local agencies
S.D. Codified Laws § 1-16B-36— Determination of desirability of development projects
S.D. Codified Laws § 1-16B-37— Power to make loans to local agencies--Repayment provisions
S.D. Codified Laws § 1-16B-38— Maximum loan to local agency--Vote required for approval
S.D. Codified Laws § 1-16B-39— 1-16B-39. Repealed by SL 1986, ch 14, § 11
S.D. Codified Laws § 1-16B-40— Application by local agency for loan--Contents
S.D. Codified Laws § 1-16B-41— Loans made only when other loans not available
S.D. Codified Laws § 1-16B-42— Preference to projects for processing raw materials produced in state
S.D. Codified Laws § 1-16B-43— Maximum percentage of cost loaned to local agency--Assurances as to other financing
S.D. Codified Laws § 1-16B-44— Adjustment of local funding requirements when federal agency participates--Subordination to mortgage held by federal agency
S.D. Codified Laws § 1-16B-45— Pledge to United States not to impair powers of authority
S.D. Codified Laws § 1-16B-46— Terms of loan to local agency--Subordination to other loans
S.D. Codified Laws § 1-16B-47— Foreclosure to take title to development project--Sale or lease
S.D. Codified Laws § 1-16B-48— Annual reports of authority--Contents
S.D. Codified Laws § 1-16B-49— Cumulative rights and powers of authority
S.D. Codified Laws § 1-16B-50— Annual action plan--Annual informational report
S.D. Codified Laws § 1-16B-51— 1-16B-51. Repealed by SL 1995, ch 4, § 1
S.D. Codified Laws § 1-16B-52— Issuance of bonds and obligations--Additional proceedings not required--Transferred rights, powers, privileges, and functions supplementary--Liberal construction
S.D. Codified Laws § 1-16B-53— Preferred development project defined
S.D. Codified Laws § 1-16B-54— Direct mortgage loans for preferred development projects
S.D. Codified Laws § 1-16B-55— Authority may contract to manage payment or interest rate risk for bonds
S.D. Codified Laws § 1-16B-56— Value Added Finance Authority Abolished--Duties and responsibilities transferred--Economic Development Finance Authority and Board of Economic Development
S.D. Codified Laws § 1-16B-57— Duties and goals--Agricultural production
S.D. Codified Laws § 1-16B-58— Lending power of authority
S.D. Codified Laws § 1-16B-59— Bond authorization, terms, and sale--Interest rate--Noninterest-bearing bonds
S.D. Codified Laws § 1-16B-60— Pledges by authority
S.D. Codified Laws § 1-16B-61— Redemption of bonds
S.D. Codified Laws § 1-16B-62— Trust indenture securing authority bonds
S.D. Codified Laws § 1-16B-63— Proceeds of bonds--Investments
S.D. Codified Laws § 1-16B-64— Bonds as negotiable instruments
S.D. Codified Laws § 1-16B-65— Execution of bonds--Seal
S.D. Codified Laws § 1-16B-66— Immunity from personal liability on bonds
S.D. Codified Laws § 1-16B-67— Conflict of interest --Disclosure--Participation in transaction
S.D. Codified Laws § 1-16B-68— Tax exemption--Filing fee exemption
S.D. Codified Laws § 1-16B-69— Bonds as authorized investments and securities for deposits
S.D. Codified Laws § 1-16B-70— Promulgation of rules
S.D. Codified Laws § 1-16B-71— Liberal construction of chapter
S.D. Codified Laws § 1-16B-72— Disposition of authority assets on dissolution
S.D. Codified Laws § 1-16B-73— Compliance with Internal Revenue Code