1-16B-50. Annual action plan--Annual informational report.
The South Dakota Economic Development Finance Authority shall develop and submit an annual action plan to the Board of Economic Development. The action plan shall outline the basic goals and objectives of the authority but is not subject to the approval or disapproval of the Board of Economic Development. The action plan shall be submitted prior to October first of each year. At the conclusion of each fiscal year, the authority shall prepare and submit an annual informational report to the Board of Economic Development.
Source: SL 1987, ch 390 (Ex. Ord. 87-1), §40; SL 1993, ch 11, §1.
Structure South Dakota Codified Laws
Title 1 - State Affairs and Government
Chapter 16B - Economic Development Finance Authority
Section 1-16B-1 - Definitions.
Section 1-16B-7 - Finance authority created.
Section 1-16B-8 - Board of directors--Appointment of members.
Section 1-16B-9 - Quorum of board--Action by majority present.
Section 1-16B-10 - Commissioner as chief administrative officer.
Section 1-16B-11 - Staff services to authority--Funds from which expenses paid.
Section 1-16B-14 - Powers of authority.
Section 1-16B-15 - Power to issue notes and bonds--Maximum outstanding.
Section 1-16B-17 - Notes and bonds as general obligations of authority--Funds from which payable.
Section 1-16B-18 - Terms of notes and bonds--Maturity--Interest--Registration--Redemption--Sale.
Section 1-16B-21 - Repurchase and cancellation of notes and bonds--Maximum price paid.
Section 1-16B-22 - Issuance of refunding obligations--Terms governed by chapter.
Section 1-16B-23 - Disposition of refunding obligations--Application or investment of proceeds.
Section 1-16B-24 - Bonds and notes as legal investments for public and fiduciary funds.
Section 1-16B-25 - Appointment of trustee on default in payment of bonds or notes.
Section 1-16B-26 - Trustee's powers in protection of bondholders or noteholders.
Section 1-16B-27 - Notice required of trustee before declaring principal due.
Section 1-16B-28 - Incidental powers of trustee.
Section 1-16B-29 - Capital reserve fund required--Moneys paid in.
Section 1-16B-30 - Amounts required in capital reserve fund.
Section 1-16B-31 - Application of capital reserve fund--Transfer of income.
Section 1-16B-32 - Bonds and notes not issued when capital reserve below required amount.
Section 1-16B-34 - Establishment of loan funds--Investment.
Section 1-16B-35 - Cooperation with local agencies.
Section 1-16B-36 - Determination of desirability of development projects.
Section 1-16B-37 - Power to make loans to local agencies--Repayment provisions.
Section 1-16B-38 - Maximum loan to local agency--Vote required for approval.
Section 1-16B-40 - Application by local agency for loan--Contents.
Section 1-16B-41 - Loans made only when other loans not available.
Section 1-16B-42 - Preference to projects for processing raw materials produced in state.
Section 1-16B-45 - Pledge to United States not to impair powers of authority.
Section 1-16B-46 - Terms of loan to local agency--Subordination to other loans.
Section 1-16B-47 - Foreclosure to take title to development project--Sale or lease.
Section 1-16B-48 - Annual reports of authority--Contents.
Section 1-16B-49 - Cumulative rights and powers of authority.
Section 1-16B-50 - Annual action plan--Annual informational report.
Section 1-16B-53 - Preferred development project defined.
Section 1-16B-54 - Direct mortgage loans for preferred development projects.
Section 1-16B-55 - Authority may contract to manage payment or interest rate risk for bonds.
Section 1-16B-57 - Duties and goals--Agricultural production.
Section 1-16B-58 - Lending power of authority.
Section 1-16B-59 - Bond authorization, terms, and sale--Interest rate--Noninterest-bearing bonds.
Section 1-16B-60 - Pledges by authority.
Section 1-16B-61 - Redemption of bonds.
Section 1-16B-62 - Trust indenture securing authority bonds.
Section 1-16B-63 - Proceeds of bonds--Investments.
Section 1-16B-64 - Bonds as negotiable instruments.
Section 1-16B-65 - Execution of bonds--Seal.
Section 1-16B-66 - Immunity from personal liability on bonds.
Section 1-16B-67 - Conflict of interest --Disclosure--Participation in transaction.
Section 1-16B-68 - Tax exemption--Filing fee exemption.
Section 1-16B-69 - Bonds as authorized investments and securities for deposits.
Section 1-16B-70 - Promulgation of rules.
Section 1-16B-71 - Liberal construction of chapter.
Section 1-16B-72 - Disposition of authority assets on dissolution.