1-16J-17. Governmental bodies, financial institutions, and others authorized to invest in bonds or notes issued by authority.
The state and all counties, municipalities, political subdivisions, public bodies, public officers, banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, personal representatives, conservators, trustees, and other fiduciaries may legally invest any debt service funds, money, or other funds belonging to them or within their control in any bonds or notes issued pursuant to this chapter.
Source: SL 2009, ch 8, §17.
Structure South Dakota Codified Laws
Title 1 - State Affairs and Government
Chapter 16J - South Dakota Ellsworth Development Authority
Section 1-16J-1 - South Dakota Ellsworth Development Authority created.
Section 1-16J-2 - Membership--Initial terms--Officers--Removal.
Section 1-16J-3 - Authority reports to Governor's Office of Economic Development.
Section 1-16J-4 - Terms--Vacancies--Quorum.
Section 1-16J-5 - No compensation--Reimbursement of expenses.
Section 1-16J-6 - Employment of personnel.
Section 1-16J-7 - Powers of authority.
Section 1-16J-8 - Investments by authority.
Section 1-16J-9 - Issuance of revenue bonds, notes, or other evidences of indebtedness.
Section 1-16J-11 - Action to compel payment of principal or interest on bonds or premium.
Section 1-16J-12 - Negotiability of bonds, notes, and other instruments--Temporary instruments.
Section 1-16J-13 - Pledge of revenues from lease or loan agreement--Trust agreement--Remedy.
Section 1-16J-15 - Pledge by state not to impair rights and remedies of holders of bonds and notes.
Section 1-16J-19 - Title to project.
Section 1-16J-20 - Inapplicability of § 5-2-19.
Section 1-16J-21 - Designation of depositories.
Section 1-16J-22 - Tax and securities exemptions of authority.
Section 1-16J-23 - Informational budget.
Section 1-16J-24 - Intergovernmental agreements.
Section 1-16J-25 - Sharing of agency employees .
Section 1-16J-26 - Powers not limited or created.
Section 1-16J-27 - Transfer of real estate in Rapid City.
Section 1-16J-28 - Property included in Rapid City real estate transfer.
Section 1-16J-29 - Real estate transfer subject to approval by Governor.