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S.D. Codified Laws § 11-15-11

Major metropolitan airport loan--Provisions applicable

Source: SL 2026, ch 62, § 4.

Effective July 1, 2026

11-15-11. Major metropolitan airport loan--Provisions applicable.

A loan made pursuant to § 11-15-9 to a municipality is exempt from the provisions of chapters 6-8B and 9-25, but the loan is subject to the constitutional limitations of municipal indebtedness.

A loan made pursuant to § 11-15-9 to a regional airport authority, created pursuant to chapter 50-6A, is exempt from the provisions of §§ 50-6A-29 to 50-6A-37, inclusive.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.