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24 chapters · 205 sections in this title.
SDCL § 6-20-1 Local government airport improvement contracts--Authorization, issuance, and sale of revenue bonds
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Any municipality or county owning and operating an airport which has been approved by the state Aeronautics Commission for public use may contract to construct, improve, and equip buildings, hangars, runways, and structures for the improvement of its municipal or county airport. …
SDCL § 6-20-2 Contents of authorizing resolution or ordinance
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The revenue bonds shall be issued pursuant to and in accordance with the resolution or ordinance adopted by the governing body of the municipality or county, describing one or more buildings, hangars, runways, or structures whose revenues are to be pledged for the payment of the …
SDCL § 6-20-3 Adoption of resolution by airport board--Approval by governing body
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When an airport board has been organized in a municipality, the resolution or ordinance shall be adopted by that board, subject to approval by resolution of the governing body. Source: SL 1963, ch 1 , § 2; SL 1984, ch 43 , § 128; SDCL § 50-8-3 ; SL 2019, ch. 203, § 83.
SDCL § 6-20-4 Minimum revenues for issuance of bonds--Items includable in estimated future revenues
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No bonds may be issued unless the existing and estimated revenues pledged to the payment of the bonds are at least equal to the maximum amount of principal and interest to become due thereon in any fiscal year, and the revenues not pledged plus the taxes which may be levied withi…
