Chapter 11 - SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY
- Section 11-11-1 - Legislative findings
- Section 11-11-2 - Declaration of necessity for development authority
- Section 11-11-3 - Powers necessary for development authority
- Section 11-11-4 - Declaration of public purposes and public interest
- Section 11-11-5 - Definition of terms
- Section 11-11-5.1 - [Repealed]
- Section 11-11-6 - Developments and projects subject to chapter
- Section 11-11-7 - Sponsors eligible under chapter
- Section 11-11-8 - [Repealed]
- Section 11-11-9 - Costs covered by chapter
- Section 11-11-10 - Development authority established-Administrator of federal housing program
- Section 11-11-11 - Reporting to Governor's Office of Economic Development
- Section 11-11-12 - Appointment of commissioners-Political affiliations
- Section 11-11-13 - State officers and employees eligible as commissioners
- Section 11-11-14 - Corporate officers and employees eligible as commissioners-Abstention on conflict of interests
- Section 11-11-15 - Terms of office of commissioners-Vacancy-Restrictions on reappointment
- Section 11-11-16 - Surety bonds of commissioners and executive director-Blanket bond-Payment of cost
- Section 11-11-17 - Removal of commissioner from office
- Section 11-11-18 - Officers of commissioners
- Section 11-11-19 - Meetings of commissioners-Quorum-Majority required for action
- Section 11-11-20 - Compensation of commissioners
- Section 11-11-21 - Executive director-Appointment and duties-Other personnel
- Section 11-11-22 - Salaries
- Section 11-11-23 - Benefits of state employees provided
- Section 11-11-24 - Records maintained by secretary-Certified copies-Publication of resolutions
- Section 11-11-25 - Powers of local commissions conferred upon authority-Approval by local governing body required-Cooperation with local commissions
- Section 11-11-26 - Power to carry out chapter
- Section 11-11-27 - Power to sue and be sued-Seal-Perpetual succession-Office
- Section 11-11-28 - Consolidation of processing for developments and projects
- Section 11-11-29 - Policy favoring private business firms
- Section 11-11-30 - Bylaws, rules, and regulations
- Section 11-11-31 - Research and development
- Section 11-11-32 - [Repealed]
- Section 11-11-33 - Advice and technical assistance to developments, projects and residents
- Section 11-11-34 - Cooperation with federal and other governmental agencies
- Section 11-11-35 - [Repealed]
- Section 11-11-36 - Execution of necessary instruments
- Section 11-11-37 - Acceptance of legislative appropriations-Purposes to which applied
- Section 11-11-38 - Annual informational budget required-Inclusion in Governor's budget report
- Section 11-11-39 - Acceptance of grants and contributions-Purposes to which applied
- Section 11-11-40 - Residual powers of authority
- Section 11-11-41 - Power to borrow and issue evidence of indebtedness
- Section 11-11-42 - Financing, reserves, and incidental costs included in amounts borrowed
- Section 11-11-43 - Issuance of notes and bonds-Purposes for which used
- Section 11-11-44 - [Repealed]
- Section 11-11-45 - Qualified private activity bonds-Maximum aggregate principal amount
- Section 11-11-46 - [Repealed]
- Section 11-11-47 - Authority as state issuing agency and housing credit agency
- Section 11-11-48 - Compliance with federal conditions for qualified mortgage bonds
- Section 11-11-49 - Public debt not created by authority obligations-Statement on face of obligations
- Section 11-11-50 - Refunding of notes and bonds
- Section 11-11-51 - Consent of other public agencies not required for bonds or notes-Procedural requirements of other laws not applicable
- Section 11-11-52 - Terms of notes and bonds-Maturity-Form of instruments-Interest-Redemption-Sale
- Section 11-11-53 - Notes and bonds as general obligations of authority-Exception
- Section 11-11-54 - Bond resolution provisions-Contracts with bondholders
- Section 11-11-55 to 11-11-64 - [Repealed]
- Section 11-11-65 - Trust indenture to secure bonds-Contents-Expenses of trust indenture-Separate trustee not authorized
- Section 11-11-66 - Pledge binding when made-Attachment of lien
- Section 11-11-67 - Continuing validity of signatures by commissioners or officers
- Section 11-11-68 - [Repealed]
- Section 11-11-69 - Purpose of capital reserve fund requirements
- Section 11-11-70 - Establishment of capital reserve funds-Moneys paid into funds
- Section 11-11-71 - Amount required in capital reserve fund for each year
- Section 11-11-72 - Valuation of securities held by capital reserve funds
- Section 11-11-73 - Transfer to other funds of capital reserve fund income
- Section 11-11-74 - Purposes to which moneys in reserve funds applied-Maintenance of required amount
- Section 11-11-75 - Deposit in reserve fund of bond proceeds necessary to maintain required amount
- Section 11-11-76 - Annual budget estimate for restoration of capital reserve fund-Governor's budget-Deposit of appropriated funds
- Section 11-11-77 - Other funds created by authority
- Section 11-11-78 - Purchase of authority's own bonds-Cancellation-Resale
- Section 11-11-79 - Price of bonds repurchased for cancellation
- Section 11-11-80 - Refunding obligations authorized-Application of provisions applicable to original obligations
- Section 11-11-81 - Sale or exchange of refunding obligations-Investment of proceeds pending redemption of original obligations
- Section 11-11-82 - Compliance with certain other state laws not required
- Section 11-11-83 - Appointment of trustee by bondholders after authority default
- Section 11-11-84 - Enforcement of bondholders' rights
- Section 11-11-85 to 11-11-90 - [Repealed]
- Section 11-11-91 - Circuit court jurisdiction of proceedings by trustee
- Section 11-11-92 - [Repealed]
- Section 11-11-93 - State pledge to bondholders
- Section 11-11-94 - Commissioners and executive director not personally liable
- Section 11-11-95 - Negotiability of bonds
- Section 11-11-96 - Securities regulation-Bonds treated as securities of state instrumentality
- Section 11-11-97 - Bonds as legal investments for financial institutions and fiduciaries
- Section 11-11-97.1 - Authority may contract to manage payment or interest rate risk for bonds
- Section 11-11-98 - Investment of authority funds
- Section 11-11-99 - [Repealed]
- Section 11-11-100 - Acquisition and disposition of property
- Section 11-11-101 - Exemption of authority from taxes, recording fees and transfer taxes
- Section 11-11-102 - Contracts-Mortgage loans-Foreclosure
- Section 11-11-103 to 11-11-108 - [Repealed]
- Section 11-11-109 - [Repealed]
- Section 11-11-110 to 11-11-112 - [Repealed]
- Section 11-11-113 - [Repealed]
- Section 11-11-114 - Confidentiality of applications and financial information
- Section 11-11-115 - Applications-Signatures and certification required-Perjury
- Section 11-11-116 - [Repealed]
- Section 11-11-117 - Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed
- Section 11-11-118 - Additional lending powers of authority
- Section 11-11-119 - Purchase of mortgages from mortgage lenders
- Section 11-11-120 - Purchase of securities from mortgage lenders
- Section 11-11-121 - [Repealed]
- Section 11-11-122 - Loans to mortgage lenders for new residential mortgages
- Section 11-11-123 - Requirements for transactions with mortgage lenders
- Section 11-11-124 - Eligibility of obligations purchased from mortgage lenders for purchase or purchase commitment-Criteria
- Section 11-11-125 - [Repealed]
- Section 11-11-126 to 11-11-133 - [Repealed]
- Section 11-11-134 - Purchase of federally insured housing mortgages
- Section 11-11-135 - Sale or transfer of mortgage loan or obligation
- Section 11-11-136 - [Repealed]
- Section 11-11-137 - Court actions to enforce loans or protect the public interest-Foreclosure
- Section 11-11-138 - Receiver appointed to safeguard authority's loan
- Section 11-11-139 - Reorganization of housing sponsor subject to control by authority
- Section 11-11-140 - Notice to authority before sale of real property on judgment against housing sponsor-Protective steps taken by authority
- Section 11-11-141 - Promulgation of rules regarding borrowers, admission of occupants, and ancillary commercial facilities
- Section 11-11-142, 11-11-143 - [Repealed]
- Section 11-11-144 - Provisions governing loans and other financing to sponsors of multifamily units and day-care facilities
- Section 11-11-145 to 11-11-147 - [Repealed]
- Section 11-11-148 - Loans restricted to sponsors meeting statutory definition
- Section 11-11-149 - Amount and amortization period of FHA loans
- Section 11-11-150 - Amount and amortization of non-FHA loans
- Section 11-11-151 - Terms and form of loans or other financing-Investment in multifamily residential housing projects and day-care facilities
- Section 11-11-152 - Interest rates on which loans made-Additional charges
- Section 11-11-153 - [Repealed]
- Section 11-11-154 - [Repealed]
- Section 11-11-155 - Surety bonds and other assurances of payment and performance
- Section 11-11-156 to 11-11-160 - [Repealed]
- Section 11-11-161 - Conditions of mortgage loan or other financing
- Section 11-11-162 - [Repealed]
- Section 11-11-163 - Supervision of multifamily residential housing units and day-care facilities
- Section 11-11-164 to 11-11-166 - [Repealed]
- Section 11-11-167 - [Repealed]
- Section 11-11-168, 11-11-169 - [Repealed]
- Section 11-11-170 to 11-11-174 - [Repealed]
- Section 11-11-175 to 11-11-178 - [Repealed]
- Section 11-11-179 - Retirement and redemption of investments in sponsor of multifamily units and day-care facilities
- Section 11-11-180 - General power to make rules and regulations
- Section 11-11-181 - Annual report by authority to Governor and Legislature
- Section 11-11-182 - Annual audit of authority
- Section 11-11-183 - Chapter cumulative and supplemental to other laws
- Section 11-11-184 - Chapter controlling over other laws
- Section 11-11-185 - Citation of chapter
- Section 11-11-186 to 11-11-188 - [Repealed]
- Section 11-11-189 - [Repealed]