Chapter 12 - SOUTH DAKOTA BUILDING AUTHORITY

Section 5-12-1 - Authority created-Composition-Initial terms-Political affiliation-Chairman
Section 5-12-1.1 - Authority continued within Bureau of Finance and Management-Records and reports
Section 5-12-1.2 - Meaning of United States Department of Agriculture Conservation Reserve Program
Section 5-12-2 - Terms of members-Vacancies-Quorum
Section 5-12-3 - Oath and bond of members
Section 5-12-4 - Members receive no compensation-Reimbursement of expenses
Section 5-12-5 - Employment of personnel
Section 5-12-6 - Common seal of authority
Section 5-12-7 - Purposes of authority
Section 5-12-8 - Studies and investigations of land needs
Section 5-12-8.1 - Additional powers with respect to projects under section 5-12-8
Section 5-12-9 - [Repealed]
Section 5-12-10 - Transfer of state property to authority
Section 5-12-11 - Power of authority to acquire property-Methods of acquisition
Section 5-12-11.1 - [Effective Until ninety days after submission to the legislature] Standards and specifications to accommodate persons with disabilities
Section 5-12-11.1 - [Effective ninety days after submission to the legislature] Standards and specifications to accommodate persons with disabilities
Section 5-12-12 - [Effective Until ninety days after submission to the legislature] Plans and specifications for projects to be undertaken
Section 5-12-12 - [Effective ninety days after submission to the legislature] Plans and specifications for projects to be undertaken
Section 5-12-13 - [Effective Until ninety days after submission to the legislature] Lease of facilities and sites to state agencies authorized-Commencement of payments under lease
Section 5-12-13 - [Effective ninety days after submission to the legislature] Lease of facilities and sites to state agencies authorized-Commencement of payments under lease
Section 5-12-14 - Terms, conditions, and rental under leases-Annual extension provision
Section 5-12-15 - Lessee's option to purchase-Conveyance on exercise of option
Section 5-12-16 - Taxes and insurance added to rental properties-Authorization to self-insure
Section 5-12-17 - Authority's power to use facilities for other purposes on nonpayment of rent-Appropriations and funds from which rent payable
Section 5-12-18 - Costs and reserves to be covered by rent and charges
Section 5-12-19 - Tax exemption of property owned or leased by authority-Exception
Section 5-12-20 - Resolutions for revenue bonds authorized-Purpose-Legislative approval required
Section 5-12-21 - Purposes for which bonds issued-Refunding and refinancing-Pledge of income
Section 5-12-22 - Terms and interest rate of bonds
Section 5-12-23 - Revenues and income from which bonds payable-Use of educational facilities fund-Disposition of revenues
Section 5-12-24 - Execution and registration of bonds-Validity of signature by officers
Section 5-12-25 - Restrictions on obligation stated on face of bonds
Section 5-12-26 - Creation of state obligation not authorized
Section 5-12-27 - Contract with bondholders-Bondholders' remedies
Section 5-12-27.1 - Refunding bonds authorized-Purposes
Section 5-12-27.2 - Amount of refunding bonds
Section 5-12-27.3 - Exchange or sale of refunding bonds-Proceeds of sale-Cancellation of bonds and coupons-Evidence of discharge of interest obligation
Section 5-12-27.4 - Exchange or sale of bonds-Disposition of proceeds of sale
Section 5-12-27.5 - Assistance in conserving and improving soil and water resources of highly erodible cropland by means of loans-Revenue bonds and interim notes authorized
Section 5-12-27.6 - No indebtedness to be charged against state
Section 5-12-27.7 - Acceptance and expenditure of gifts, contributions, etc., authorized
Section 5-12-27.8 - Lease and sublease agreements with South Dakota Building Authority authorized to support purpose and payment of revenue bonds or interim notes
Section 5-12-28 - Interim notes authorized-Purposes of borrowing
Section 5-12-29 - Resolution for issuance of interim notes-Interest rate-Maturity date
Section 5-12-30 - Terms and registration of interim notes-Redemption prior to maturity-Execution of notes-Pledge of income and revenue
Section 5-12-31 - Additional provisions to secure payment of interim notes
Section 5-12-32 - Debt limitations not applicable to interim notes-Personal liability not created by execution of notes
Section 5-12-33 - Payment of interim notes or purchase of government obligations with proceeds from sale of revenue bonds
Section 5-12-34 - Disposition of income under chapter-Public building fund
Section 5-12-35 - Accounts maintained by authority-Purpose of disbursements from public building fund
Section 5-12-36 - Authority to convey property to state when debt paid or payment provided for-Reversion to authority
Section 5-12-37 - [Effective Until ninety days after submission to the legislature] Record of rental payments under lease-Conveyance to lessee after amortization of debt
Section 5-12-37 - [Effective ninety days after submission to the legislature] Record of rental payments under lease-Conveyance to lessee after amortization of debt
Section 5-12-38 - Annual audit
Section 5-12-38.1 - Informational budget required
Section 5-12-39 - Contractual power of authority
Section 5-12-40 - Bylaws, rules, and regulations of authority
Section 5-12-41 - Severability of provisions
Section 5-12-42 - Sale and lease-back arrangements-Sales and land leases authorized-Use of proceeds
Section 5-12-43 - Sale and lease-back arrangements-Contracts to acquire use or ownership authorized-Terms
Section 5-12-44 - Provisions applicable to contracts to acquire use or ownership
Section 5-12-45 - Revenue bonds to finance sale and lease-back arrangements-Lending proceeds-Refund or refinance of obligations
Section 5-12-46 - Legislative approval required for sale and lease-back arrangements
Section 5-12-47 - Revenue obligations-Issuance-Purpose-Funds for payment
Section 5-12-47.1 - Payment of lease rental obligations to South Dakota Building Authority by Bureau of Finance and Management
Section 5-12-47.2 - Irrevocable escrow agreement for defeasance and payment of lease revenue trust certificates and bonds-Arrangements to pay governmental expenses
Section 5-12-48 - Definition of terms
Section 5-12-48.1 - Authority may invest funds in certain permitted investments
Section 5-12-49 - Transfer and sale of state's right to tobacco settlement revenues-Disposition of funds-Written agreement-Filing of agreement
Section 5-12-50 - Establishment of special purpose corporation-Limitations-Board membership-Powers of corporation
Section 5-12-50.1 - Bond transactions to be public records subject to disclosure
Section 5-12-51 - Purposes of special purpose corporation
Section 5-12-52 - Bonds of corporation not a lien, charge or liability against the state-Pledge of education enhancement trust funds prohibited
Section 5-12-53 - Pledge of non-interference by state to impair terms of bonds-Liability of state on bonds
Section 5-12-54 - Liability of authority and special purpose corporation
Section 5-12-55 - Special purpose corporation treated as public instrumentality of state-Income of authority and corporation not taxed-Obligations of corporation deemed public securities
Section 5-12-56 - Employees of special purpose corporation
Section 5-12-57, 5-12-58 - [Repealed]
Section 5-12-59 - State pledge to honor agreements of authority or corporation with regard to certain federal income tax exclusions
Section 5-12-60 - [Repealed]
Section 5-12-61 - Authority may contract to manage payment or interest rate risk for bonds