59 chapters · 1,226 sections in this title.
SDCL § 9-52-1.1 Lease of auditorium or convention center--Terms--Rent
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A municipality, in order to establish a municipal auditorium or convention center as defined and empowered by law, shall have the power to enter into a long - term lease, for a term not to exceed thirty years, with or without an option to renew or purchase, for the acquisition of…
SDCL § 9-52-11 Findings and determinations as binding covenants
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The findings and determinations herein authorized shall constitute binding representations, recitals, and covenants of each municipality issuing revenue bonds hereunder to and with the purchasers and holders of all such bonds. Source: SL 1951, ch 246 , § 2; SDC Supp 1960, § 45.24…
SDCL § 9-52-12 Reference to authorizing resolutions for matters not covered in bonds--Negotiability
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Bonds issued pursuant to this chapter may refer to the authorizing resolution or resolutions for matters not expressed in the bonds, but they shall be negotiable investment securities within the meaning of chapter 57A-8 , notwithstanding any conditions expressed therein or in the…
SDCL § 9-52-15 Bondholders' statutory mortgage on auditorium property--Enforcement of lien and compelling performance of duties
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There shall be a statutory mortgage lien upon all properties acquired by any municipality for auditorium purposes by the use of the proceeds of revenue bonds issued under the provisions of this chapter, and all additions and improvements thereto financed out of the earnings of th…
SDCL § 9-52-16 Admission charges and auditorium rentals--Adequacy for expenses, return on municipal investment and retirement of bonds
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The governing body of each municipality issuing bonds under this chapter shall have the authority, and it shall be its duty, to establish and collect reasonable charges for the admission of all persons to the auditorium premises for the purpose of use of any of the facilities of …
SDCL § 9-52-17 Operation for purpose of profit prohibited
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Municipalities shall not be authorized to operate revenue - producing enterprises of the nature described in this chapter for the purpose of profit or return greater than necessary to pay the cost of acquisition, improvement, operation, and maintenance thereof and interest on mon…
SDCL § 9-52-18 Municipality and board exempt from liability for negligence of officers and employees--Employees' rights preserved
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No action shall lie against any municipality or its governing body or auditorium board to recover for injuries sustained by any person through the negligence of municipal officers or employees while engaged in the operation of a municipal auditorium; provided, that nothing herein…
SDCL § 9-52-2 Power to create auditorium board
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Every municipality may create an appointive board for the purpose of managing municipal auditoriums and to provide by ordinance the number, the qualifications, mode of appointment, tenure of office, compensation, powers, duties of, and rules and regulations governing such board. …
SDCL § 9-52-23 General powers of auditorium board--Copies of board proceedings as evidence
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The board shall have power to contract for supplies and services necessary to the operation and maintenance of the auditorium, and for the rental of the same or any part thereof; to fix and collect rentals and charges for admission; to schedule and determine priorities among acti…
SDCL § 9-52-24 Custody and disbursement of auditorium funds--Petty cash fund
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All funds pertaining to the auditorium shall be placed in the custody of the municipal treasurer, and shall be expended only upon warrants drawn by the municipal auditor or clerk on said treasurer, pursuant to allowance by the auditorium board of duly verified claims; provided, t…
SDCL § 9-52-25 Annual report by auditorium board to governing body--Records subject to inspection
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The auditorium board shall make an annual report to the governing body of its acts and all its expenditures, showing the condition of all affairs under its control, and its records, books, papers, and accounts shall at all reasonable times be subject to inspection by the executiv…
SDCL § 9-52-26 Auditorium board governed by terms of bonds and resolutions
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All actions of the board shall at all times be governed by and subject to all covenants, agreements and limitations contained in the resolutions of the governing body authorizing outstanding revenue bonds, and such resolutions may reserve to the governing body the exercise or sup…
SDCL § 9-52-27 Receivership on default in bonds or dissipation of auditorium assets--Powers of receiver--Termination of receivership
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If there be any default in the payment of the principal of or interest on any bonds issued pursuant to this chapter, or a breach of any other condition thereof materially affecting the rights of any bondholder and continuing for not less than three months, or if the revenues from…
SDCL § 9-52-28 Severability of chapter and resolutions
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If any provision of this chapter, or of any resolution or resolutions authorizing the issuance of bonds pursuant to this chapter, or the application thereof to any person or circumstances, shall be held invalid in any legal proceedings, such invalidity shall not affect other prov…
SDCL § 9-52-29 Sale and lease - back arrangements--Tax exemption
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The governing body of a municipality may by ordinance exercise all the powers conferred on the South Dakota Building Authority and the Governor pursuant to and in the manner provided by §§ 5-12-15 , 5-12-19 , 5-12-42 to 5-12-45 , inclusive, with respect to the acquisition, lease,…
SDCL § 9-52-3 Auditorium revenue bonds authorized--Purposes for which proceeds used
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Any municipality may issue revenue bonds to provide funds for the purpose of acquiring a municipal auditorium, or for the purpose of improving an existing auditorium, or for the purpose of refunding outstanding revenue bonds issued under the provisions of this chapter. Source: SL…
SDCL § 9-52-30 Sale and lease - back arrangements--Validation of prior actions
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All ordinances, resolutions, and other actions and proceedings adopted before June 12, 1984, and taken by the governing body of a municipality with respect to an existing auditorium or convention center and related facilities in the exercise of the powers granted by §§ 9-52-29 to…
SDCL § 9-52-31 Sale and lease - back arrangements--Powers additional
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The powers conferred by §§ 9-52-29 to 9-52-31 , inclusive, are in addition to all other powers conferred upon the governing body of any such municipality, and their exercise shall be subject only to such restrictions as may be provided by the South Dakota Constitution and are not…
SDCL § 9-52-4 Authorization, issuance and sale of bonds--Vote required
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All bonds shall be authorized, issued, and sold as provided in chapter 6-8B , if a majority of the registered voters voting at the bond election vote to authorize the bond issue. Source: SL 1951, ch 246 , § 1; SDC Supp 1960, § 45.24B01; SL 1984, ch 43 , § 97.
SDCL § 9-52-5 Municipal indebtedness not authorized by chapter
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Nothing contained in this chapter shall be deemed to authorize the incurring by any municipality of indebtedness within the meaning of any constitutional or statutory limitation upon municipal indebtedness. Source: SL 1951, ch 246 , § 10; SDC Supp 1960, § 45.24B10.
SDCL § 9-52-6 Revenue bonds payable solely from auditorium revenues--Credit and taxing powers not pledged
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Revenue bonds issued under this chapter shall be payable solely from the net revenue derived from and traceable to properties acquired by the expenditure of the proceeds of revenue bonds, or of bonds refunded thereby, as fixed and determined by the governing body in accordance wi…
SDCL § 9-52-8 Auditorium revenues appropriated to special fund--Operating expenses paid from fund--Net revenue pledged to separate account for bond retirement and reserves
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Prior to delivery of any such bonds the governing body shall by the resolutions adopted under § 9-52-3 create a special fund and appropriate and pledge thereto all gross receipts in respect of rentals, fees, licenses, and other charges however designated, imposed by the municipal…
SDCL § 9-52-9 Covenants and agreements with bondholders for administration and security of bonds--Bondholders' right to compel performance
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In and by the resolutions authorizing revenue bonds the governing body shall also have the power to make and enter into on the part of the municipality covenants and agreements with the purchasers and holders thereof from time to time concerning minimum rentals and charges, conti…
SDCL § 9-53-1 Definition of terms
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Terms as used in this chapter, unless the context otherwise plainly requires, shall mean: (1) "Public convention hall" shall mean a real estate site and building, structure, or edifice which may be used by the general public or portions of the public for the purposes of meetings,…
SDCL § 9-53-10 Hearing and action by governing body on resolution of necessity
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At the time of such hearing or at any adjournment thereof, the governing body shall consider any objections to such proposed resolution and may adopt such resolution, with or without amendment as it may deem proper, except that the boundaries of the benefit district may not be en…
SDCL § 9-53-12 Authority to proceed with improvement and assessments after adoption of resolution
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After twenty days from the adoption and publication of such resolution of necessity, unless the referendum be invoked or unless a written protest shall have been filed with the auditor or clerk signed by the owners of more than fifty - five percent of the total tax - assessed val…
SDCL § 9-53-13 Levy and collection of special assessments--Assessment bonds
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Special assessments may be made, levied, and collected and assessed and assessment bonds may be issued to finance the improvement all as now provided by chapter 9-43 . Assessment bonds shall be called public convention hall bonds. Source: SL 1967, ch 230 , § 10.
SDCL § 9-53-14 Contract or assessment not invalidated by irregularity--Determination of governing body conclusive
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No contract made or assessment levied for any such improvement shall be void by reason of any defect or irregularity in the resolution of necessity or notice or in the publication thereof, and the determination of the governing body as to the sufficiency or insufficiency of prote…
SDCL § 9-53-15 Supervision of operation of hall--Maintenance funds
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The governing body shall be in charge of running and operating the public convention hall and may appropriate additional municipal revenues or funds raised by taxation for the maintenance of said public convention hall. Source: SL 1967, ch 230 , § 11.
SDCL § 9-53-16 Charges for use of hall--Purposes to which applied
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In addition the governing body by resolution may impose and collect reasonable charges for the use of the public convention hall constructed under the provisions of this chapter. The money so received shall be deposited in the municipal treasury to the credit of the public conven…
SDCL § 9-53-2 Municipal power to acquire, build, improve and maintain convention halls
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In addition to and not to the exclusion of any power granted to it by any law now in effect or hereafter enacted, any municipal corporation may provide for the acquisition of sites, building or improvement, and maintenance of a public convention hall as defined in this chapter an…
SDCL § 9-53-3 Establishment of benefit district--Assessment of costs against property
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The governing body of a municipality shall have the power to establish a district for the acquisition of sites, building of a public convention hall or for the improving of an existing public convention hall, to establish the boundaries of such district, and to assess all or any …
SDCL § 9-53-4 Feasibility survey conducted prior to establishment of district
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Prior to the establishment of any benefit district for the acquiring or improving of a public convention hall, the governing body shall cause to be conducted a survey and investigation of the feasibility of such proposed district. Such survey shall include a determination of the …
SDCL § 9-53-5 Plat showing district boundaries and location of hall
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The governing body shall also cause to be prepared and filed with the city auditor or town clerk a plat showing the exterior boundaries of the proposed benefit district and the location of the public convention hall. Source: SL 1967, ch 230 , § 4.
SDCL § 9-53-6 Schedule of cost estimates and financing plan
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In addition to complying with §§ 9-53-4 and 9-53-5 , the governing body shall cause to be prepared and filed with the city auditor or town clerk schedules showing the following: (1) A description of such facility and the equipping and furnishing thereof; (2) An estimate of the co…
SDCL § 9-53-7 Preparation and filing of proposed resolution of necessity--Contents
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The governing body shall consider the survey and investigation and the plat and schedules prepared for such public convention hall. If it appears to the governing body that there is a public need for such a facility; that there is sufficient privately owned properties situated in…
SDCL § 9-53-8 Costs of preliminary papers and resolution
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The survey, investigation, plats, schedules, and resolutions shall be prepared by municipal employees, officers, or such other persons or experts as the governing body shall deem necessary and the cost thereof shall be included as a part of the cost of the public convention hall,…
SDCL § 9-53-9 Mailing of notice of hearing on resolution of necessity
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After the completion of all requirements set forth in §§ 9-53-4 to 9-53-7 , inclusive, the governing body shall fix a time and place for a public hearing thereon and shall cause a notice of hearing of the proposed resolution of necessity to be given by the city auditor or town cl…
Purpose of chapter
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The purpose of this chapter is to stimulate and develop the general economic welfare and prosperity of the state through the promotion and advancement of industrial, commercial, manufacturing, agricultural, natural resources, postsecondary technical education, limited to bonding …
SDCL § 9-54-10 County and sanitary district powers
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Any county shall have the same powers as a municipality under this chapter. Any sanitary district shall have the same powers as a municipality under this chapter with respect to any project providing sewer service or control of water pollution. Source: SL 1972, ch 45 , § 5.
SDCL § 9-54-11 Municipal joint or cooperative agreements
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Any municipality, in order to accomplish the purposes provided in this chapter, may enter into agreements with any other public agency or agencies for joint or cooperative action and such agreements shall be governed by the provisions of chapter 1-24 . Source: SL 1972, ch 45 , § …
SDCL § 9-54-2 Power to issue bonds, acquire or construct projects and enter revenue agreements--Location of projects
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For the purposes stated in § 9-54-1 , any municipality may issue revenue bonds, the proceeds of which shall be used only to purchase, construct, reconstruct, acquire sites for, enlarge, improve, or remodel buildings, structures, or equipment, and to enter into revenue agreements …
SDCL § 9-54-2.1 Power to issue revenue bonds, purchase or discharge debt of nonprofit corporation operating health care or housing facility and enter revenue agreements--Location of project
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With respect to hospitals, nursing homes, other health care facilities, housing for the elderly, housing for the handicapped, wellness centers, or primary, secondary, or postsecondary schools to be operated by any nonprofit corporation, for any purpose stated in § 9-54-1 , a muni…
SDCL § 9-54-2.2 Restriction on use of bonds for elderly housing projects
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Any housing for the elderly financed by revenue bonds shall be operated by either a nonprofit corporation or a corporation wholly owned, either directly or indirectly, by a nonprofit corporation. Source: SL 1981, ch 77 , § 9; SL 1984, ch 62 ; SL 1990, ch 67 ; SL 1991, ch 76 .
SDCL § 9-54-3 "Revenue bonds" defined
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Revenue bonds, as the term is used in this chapter, are bonds to be paid exclusively from the revenue produced by the project financed by the use of the proceeds thereof, including but not limited to payments due under any revenue agreement, or under any bond or other obligation …
SDCL § 9-54-3.1 "Revenue agreement" defined
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Revenue agreement, as the term is used in this chapter, is any written agreement between a municipality and another person, firm, limited liability company, corporation, or governmental entity with respect to a project whereby such other person, firm, limited liability company, c…
SDCL § 9-54-4 Costs to be covered by bonds--Authorization, issuance and sale of bonds
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Bonds may be issued in amounts as may be necessary to provide sufficient funds to pay all the costs of purchase or construction of each project which under accepted accounting practice are capital costs, including goodwill and other intangible costs, as well as site, engineering,…
SDCL § 9-54-5 Amount of bond issue limited by costs
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In no case shall any revenue bonds be issued for an amount in excess of the actual cost of the project, including the site therefor and all other items referred to in §
SDCL § 9-54-6 Bonds not general obligations nor payable by taxation--Recitals in bonds
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Revenue bonds issued pursuant to this chapter shall not be general obligations of the municipality nor shall they be payable in any manner by taxation. Such revenue bonds shall recite the authority under which they are issued, and shall state that they are issued in conformity wi…
SDCL § 9-54-7 Mortgage of project and pledge of revenues to payment of bonds--Trust funds--Other covenants and agreements
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The governing body of the municipality may, by ordinance, resolution, or by a trust indenture executed under authority of a resolution or ordinance, pledge the revenues of the project and any other security of whatsoever nature, offered by the lessee, purchaser, or borrower with …