24 chapters · 201 sections in this title.
SDCL § 6-8B-50 Disposition of accrued interest and premiums received on sale
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Any accrued interest and any premium appertaining to a sale of refunding bonds may be applied to the payment of the interest thereon, the principal thereof, or both interest and principal, or may be deposited in a reserve therefor, or may be used to defray incidental costs, or ap…
SDCL § 6-8B-51 Outstanding bonds unaffected
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Sections 6-8B-30 to 6-8B-52 , inclusive, have no effect on the legality of any outstanding bond issued for refunding or other purposes pursuant to any other law. Source: SL 1984, ch 43 , § 56.
SDCL § 6-8B-52 Chapter of full authority--Additional to other laws
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Sections 6-8B-30 to 6-8B-52 , inclusive, without reference to other statutes of the state, except as herein otherwise specifically provided, constitute full authority for the authorization and issuance of refunding bonds. No other act or law with regard to the authorization or is…
SDCL § 6-8B-53 Issuance of crossover refunding bonds--Deposit of proceeds in debt service fund--Maintenance of fund--Taxes levied and appropriated for payment of refunding bonds
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Crossover refunding bonds may be issued by a public body without regard to the limitations in §§ 6-8B-46 and
SDCL § 6-8B-54 Securities purchased for debt service fund limited
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Securities purchased for the debt service fund shall be limited to: (1) General obligations of the United States, securities whose principal and interest payments are guaranteed by the United States, and securities issued by the following agencies of the United States: banks for …
SDCL § 6-8B-55 Definition of terms
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Terms used in §§ 6-8B-56 to 6-8B-69 , inclusive, mean: (1) "Credit enhancement obligation," an agreement, instrument, or other arrangement described in §§ 6-8B-56 to 6-8B-69 , inclusive, pursuant to which any municipality or county covenants or agrees to levy taxes or pledge its …
SDCL § 6-8B-56 Issuance of credit enhancement obligation--Conditions
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The governing body of any municipality or county may authorize the issuance of a credit enhancement obligation upon compliance with the requirements of this section and chapter 1-16A . The governing body shall find and determine that: (1) The credit enhancement obligation will se…
SDCL § 6-8B-57 Debt service reserve fund or credit facility
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If a municipality or county determines that it is not precluded by any applicable law or regulation which may govern the exclusion of interest on the bonds or other obligations from federal income taxation, the terms and conditions applicable to the borrowing by the qualified non…
SDCL § 6-8B-58 Issuance of credit enhancement obligation--Findings and determinations of chapter 1-16A
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Any resolution or ordinance of a municipality or county approving the issuance of a credit enhancement obligation shall require that the health and educational facilities authority make the findings and determinations required by chapter 1-16A with respect to the credit enhanceme…
SDCL § 6-8B-59 Referendum
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Approval of an ordinance or resolution approving a credit enhancement obligation shall be subject to a referendum if five percent of the registered voters, based upon the total number of registered voters at the last preceding general election, petition, within twenty days after …
SDCL § 6-8B-6 Improvement--Authorization of bonds for purchase or construction--Expenditures authorized
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The question of the issuance of bonds for the purchase or the construction of any building, facility, or improvement may be treated and submitted as a single proposition, and the governing body may determine, if bonds are authorized, whether the purchase or the construction there…
SDCL § 6-8B-60 Form of covenants or pledges
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In a resolution setting forth the findings and determinations required by §§ 6-8B-56 to 6-8B-59 , inclusive, a governing body may authorize the issuance of a credit enhancement obligation which may be in the form of one or more of the following covenants or pledges: (1) The gover…
SDCL § 6-8B-61 Agreements with health and educational facilities authority or other financial institution entered into by state entities
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The State of South Dakota and any of its agencies, boards, authorities, departments, and commissions may enter into agreements or other arrangements with the health and educational facilities authority or any financial institution in order to effectuate or implement any pledge or…
SDCL § 6-8B-62 Credit enhancement obligations irrepealable until fully paid
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Upon the issuance and sale of bonds or other obligations secured by a credit enhancement obligation, any pledge or covenant made relating to such bonds or other obligations pursuant to a resolution or ordinance described in § 6-8B-60 and any agreement or other arrangement made pu…
SDCL § 6-8B-63 Determination by governing body on limitations conclusive absent fraud or abuse
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The determination by a governing body that all of the limitations imposed upon the issuance of a credit enhancement obligation have been met is conclusive in the absence of fraud or arbitrary and gross abuse of discretion. Source: SL 1992, ch 3 , § 12.
SDCL § 6-8B-64 Ad valorem taxes--Limit
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Any ad valorem taxes levied pursuant to subdivision 6-8B-60(1) may not exceed the amount of the anticipated deficiency by more than five percent, but may not be subject to any other statutory limitation of rate or amount applicable to other taxes levied or collected by the munici…
SDCL § 6-8B-65 Agreements with health and educational facilities authority or other financial institution entered into by municipality or county--Provisions--Interest deemed perfected
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In connection with the authorization and issuance of a credit enhancement obligation, any municipality or county may enter into one or more agreements or other arrangements with the health and educational facilities authority or any financial institution acting as trustee or payi…
SDCL § 6-8B-66 Aggregate indebtedness of municipality or county--Limit--Calculation
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No credit enhancement obligation may cause the aggregate amount of indebtedness of the municipality or county which issues such credit enhancement obligation to exceed the maximum allowable constitutional or statutory provisions, if any, applicable to such municipality or county.…
SDCL § 6-8B-67 Tax or revenue anticipation notes--Limit
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If a municipality or county is required to or reasonably anticipates that it will be required to make payments on or with respect to a credit enhancement obligation, it may issue tax or revenue anticipation notes in the anticipated amounts of such required payments provided that …
SDCL § 6-8B-68 Obligation subject to provisions of §§ 6-8B-9 to 6-8B-22 , inclusive
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A credit enhancement obligation, any agreement related thereto and any anticipation note authorized by § 6-8B-67 shall be authorized, issued and sold as provided in, and shall be subject to the provisions of §§ 6-8B-9 to 6-8B-22 , inclusive. Source: SL 1992, ch 3 , § 17.
SDCL § 6-8B-69 Exemption from registration under chapter 47 - 31B
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Any credit enhancement obligation, any agreement or other arrangement related thereto, and any anticipation note authorized hereunder shall be exempt from registration under chapter 47-31B . Source: SL 1992, ch 3 , § 18; SL 2004, ch 278 , § 57.
SDCL § 6-8B-7 School, street, or utility improvements--Authorization of bonds
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The question of the issuance of bonds for the purchase, construction, or improvements to school buildings, streets, or to any plant and distribution system owned and operated by the public body for the furnishing of utility services may be submitted as a single proposition, witho…
SDCL § 6-8B-8 Issuance of bonds on approval by voters
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If the requisite percentage of the voters cast their vote in favor of a bond issue, the governing body without further act may issue bonds to the amount voted for and sell and negotiate the same. Source: SL 1984, ch 43 , § 8.
SDCL § 6-8B-9 Issuance, form, and terms of bonds
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Bonds may be issued in one or more series, may bear the date or dates and mature at the time or times and in the amounts as the governing body may provide, except that no bond may mature more than fifty years from the date of its issue. The bonds may bear interest at the rate or …
SDCL § 6-10-1 Incorporation or dissolution not effective until notice filed with secretary of state
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No political subdivision of the State of South Dakota may legally be incorporated or dissolved until notice of such incorporation or dissolution has been filed in the Office of the Secretary of State. Source: SL 1965, ch 266 , § 1.
SDCL § 6-10-2 Form of notice filed with secretary of state--Articles or order
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Such notice of incorporation or dissolution shall be in the form of a certified copy of the articles of incorporation, where applicable; or a certified copy of an order of incorporation or an order of dissolution issued by a court of competent jurisdiction or a board or commissio…
SDCL § 6-10-3 Fees and tax money withheld from noncomplying subdivisions
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No fees or reversions of tax money, authorized by law, shall be made to any subdivision of state government until the provisions of this chapter have been fully complied with by the subdivisions involved. Source: SL 1965, ch 266 , § 3.
SDCL § 6-12-1 Expenses and cost of charter preparation and election
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Whether initiated by the voters or provided by the governing boards, counties, and first and second class municipalities are authorized to expend from their general funds expenses in connection with the preparation and sponsorship of a charter proposal and shall pay the cost of e…
SDCL § 6-12-10 Application of general election laws
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Except as provided in §§ 6-12-7 to 6-12-9 , inclusive, general election laws shall govern elections on questions of adoption, amendment, or repeal of a charter. Source: SL 1974, ch 52 , § 7.
SDCL § 6-12-11 Filing of adopted charter with secretary of state--Violation--Effect
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The person charged with the conduct of an election concerning a question on adoption of a charter or amendment thereto shall, within thirty days after the canvass and return thereon, file with the secretary of state a certified copy of a charter or amendment adopted. Any person v…
SDCL § 6-12-12 Chapter not to invalidate prior proceedings
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Nothing in this chapter shall be construed to invalidate any proceedings had before July 1, 1974, in connection with the formation or submission of any charter provision instituted prior to July 1, 1974. Source: SL 1974, ch 52 , § 12. 6-12-13. Repealed by SL 1997, ch 42 , § 2.
SDCL § 6-12-14 Taxing power limited
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No county, city, or other governmental unit, including governmental units chartered under S.D. Const., Art. IX, § 2, unless otherwise specifically provided by statute, may, enact or increase, in any form a tax, fee, or charge that is: related to the state lottery; similar to a ta…
SDCL § 6-12-15 SDCL 6-12-15
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Scope of section
SDCL § 6-12-2 Voting on proposal--Alternatives
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When a governing board or a combination of governing boards propose to provide a home rule charter they may either initially submit the proposed charter to a vote or may submit to a vote the question of whether a charter should be initiated and present alternatives as issues upon…
SDCL § 6-12-3 Alternatives proposed by board action on initiated petition
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The governing board or boards to whom an initiated petition is presented and to which a proposed charter is not attached, in addition to the question of whether or not a charter should be adopted, shall, unless the petition contains a general statement as to the petitioner's choi…
SDCL § 6-12-4 Governmental structure to be established in charter
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A charter, to be valid, must establish therein the form of governmental structure under which the home rule unit will function. Source: SL 1974, ch 52 , § 4.
SDCL § 6-12-5 Standards to be at least as stringent as state law
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Neither charter nor ordinances adopted thereunder may set standards and requirements which are lower or less stringent than those imposed by state law, but they may set standards and requirements which are higher or more stringent than those imposed by state law, unless a state l…
SDCL § 6-12-6 Restrictions on power of home rule units
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The power of a home rule unit does not include the power to: (1) Enact private or civil law governing civil relationships except as incident to the exercise of an independent county or municipal power; (2) Define and provide for the punishment of a crime, but this limitation shal…
SDCL § 6-12-7 Time of election on charter proposal by commission
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When a commission has been selected or appointed to draft a proposed charter or an amendment to a charter, an election on the question must be held within one year after initiation of the proposed action. Source: SL 1974, ch 52 , § 10.
SDCL § 6-12-8 Special election on home rule charter--Exception
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A special election shall be called on any question involving a home rule charter unless another election is scheduled within one hundred twenty days of the initiation of the action. Source: SL 1974, ch 52 , § 8; SL 2005, ch 42 , § 1.
SDCL § 6-12-8.1 Initiation of the action defined
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For purposes of §§ 6-12-7 and 6-12-8 , an initiation of the action means the point at which the governing body or combination of governing bodies have passed a motion to either submit the proposed charter to a vote or to submit to a vote the question of whether a charter should b…
SDCL § 6-12-9 Preparation for election--Time of election on initiated charter
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If there is no scheduled election qualifying under § 6-12-8 , elections will be noticed and ballots will be prepared to accommodate absentee voting under the general election law, and if it is on the question of adopting of a charter or an amendment which has been drafted and app…
SDCL § 6-13-1 Disposition of surplus property
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The governing board of a political subdivision may sell, trade, loan, destroy, or otherwise dispose of any land, structures, equipment, or other property which the governing board has, by appropriate motion, determined is no longer necessary, useful, or suitable for the purpose f…
SDCL § 6-13-10 Acceptance of bid for installment contract
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Immediately upon the acceptance of any bid under § 6-13-9 , the purchaser shall deposit the amount of the cash payment with the fiscal officer. The fiscal officer shall provide the purchaser with a receipt for such payment and retain a copy in his office. Source: SL 1989, ch 62 ,…
SDCL § 6-13-11 Board approval of installment contract sales
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At the first meeting of the governing board of the political subdivision after a sale has been made pursuant to §§ 6-13-9 to 6-13-14 , inclusive, the fiscal officer shall report the sale to the board together with all his proceedings. The governing board may refuse to approve the…
SDCL § 6-13-12 Full purchase price paid in cash--Execution of deed
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If the governing board approves a sale pursuant to § 6-13-11 , and the full amount of the purchase price has been paid in cash, the board shall direct that a deed conveying such property be delivered to the purchaser thereof. The deed shall be executed in the name of the chairman…
SDCL § 6-13-13 Less than full amount of purchase price in cash--Execution of contract for deed
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If the governing board approves the sale pursuant to § 6-13-11 , and less than the full amount of the purchase price is paid in cash and the remainder is to be paid in annual installments, the purchaser or purchasers shall be given a contract for deed covering such real property.…
SDCL § 6-13-14 Transfer, license, or sale of computer software--Notice to board
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Any state agency may transfer, license, or sell any computer software in which the agency possesses a transferable interest upon such terms and conditions as the agency may determine. Notice of negotiations leading to possible transfer, licensure, or sale shall be provided to the…
SDCL § 6-13-15 Transfer of county or municipal museum collections to certain nonprofit organizations
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Notwithstanding any other provision of law, any county or municipality may provide as a gift to any nonprofit organization that meets the requirements of this section and that is recognized as an exempt organization under § 501(c)3 of the Internal Revenue Code of 1986, as amended…
SDCL § 6-13-16 Loaning of zoo animals
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Any municipality or other political subdivision of the state that operates a zoo may enter into an agreement for the loaning of zoo animals with another political subdivision, nonprofit corporation, or other entity that operates a zoo accredited by the Association of Zoos and Aqu…