1-16H-36. Designation of depositories.
The authority shall designate a qualified public depository as defined in §4-6A-1 as a depository of its money. Those depositories shall be designated only within the state and upon condition that bonds approved as to form and surety by the authority and at least equal in amount to the maximum sum expected to be on deposit at any one time shall be first given by the depositories to the authority, those bonds to be conditioned for the safekeeping and prompt repayment of the deposits. If any of the funds of the authority are deposited by the treasurer in any such depository, the treasurer and the sureties on the treasurer's official bond are, to that extent, exempt from liability for the loss of any of the deposited funds by reason of the failure, bankruptcy, or any other act or default of the depository. However, the authority may accept assignments of collateral by any depository of its funds to secure the deposits to the same extent and conditioned in the same manner as assignments of collateral are permitted by law to secure deposits of the funds consistent with the provisions of chapter 4-6A.
Source: SL 2004, ch 15, §36.
Structure South Dakota Codified Laws
Title 1 - State Affairs and Government
Chapter 16H - Science And Technology Authority
Section 1-16H-1 - Legislative findings.
Section 1-16H-2 - Purpose of authority.
Section 1-16H-3 - Definitions.
Section 1-16H-4 - Science and Technology Authority created.
Section 1-16H-5 - Board of directors--Appointment and terms.
Section 1-16H-6 - Removal of members--Grounds.
Section 1-16H-7 - Compensation of members--Reimbursement of expenses.
Section 1-16H-8 - Oath of office.
Section 1-16H-9 - Executive director, agents, and employees--Duties--Compensation.
Section 1-16H-10 - Meetings of the board.
Section 1-16H-11 - Quorum--Vote required for action.
Section 1-16H-13 - Open meetings--Notice.
Section 1-16H-14 - Record of proceedings--Filings--Copies--Certification.
Section 1-16H-15 - Powers and duties of authority.
Section 1-16H-16 - Promulgation of rules.
Section 1-16H-17 - Loans and grants made by authority.
Section 1-16H-18 - Investment of funds.
Section 1-16H-18.1 - Investment of funds with State Investment Council.
Section 1-16H-19 - Issuance of bonds, notes, or other evidence of indebtedness.
Section 1-16H-23 - Pledge of revenues from lease or loan agreement--Trust agreement.
Section 1-16H-25 - Pledge by state not to impair rights and remedies of holders of bonds and notes.
Section 1-16H-29 - Title to projects.
Section 1-16H-30 - Acquisition of property.
Section 1-16H-31 - Acquisition, improvement, maintenance, and decommissioning of projects.
Section 1-16H-31.1 - Subsurface property defined.
Section 1-16H-31.3 - Declaration of taking--Contents.
Section 1-16H-31.4 - Effective date of condemnation and right to just compensation.
Section 1-16H-31.6 - Service or mailing of copy of declaration of taking and amendments.
Section 1-16H-31.7 - Amendments to the declaration of taking--Filing.
Section 1-16H-32 - Intergovernmental agreements.
Section 1-16H-33 - Sharing of agency employees.
Section 1-16H-34 - Inapplicability of § 5-2-19.
Section 1-16H-35 - Transfer or exchange of property with other state agencies.
Section 1-16H-36 - Designation of depositories.
Section 1-16H-37 - Tax exemption of authority.
Section 1-16H-38 - Authority reports to Governor's Office of Economic Development.
Section 1-16H-39 - Informational budget.
Section 1-16H-40 - Transfer of functions and programs of Homestake Laboratory Conversion Project.
Section 1-16H-41 - Homestake Mine donation.
Section 1-16H-42 - Severability of provisions.
Section 1-16H-43 - Immunity from liability for condition or use of certain donated property.
Section 1-16H-44 - Property tax exemption for certain leased property in Lawrence County.