11-11-144. Provisions governing loans and other financing to sponsors of multifamily units and day-care facilities.
Mortgage loans and other financing made by the authority to housing sponsors of multifamily residential housing units and sponsors of day-care facilities shall be subject to the terms and conditions set forth in §§11-11-148 to 11-11-161, inclusive, as applicable.
Source: SL 1973, ch 180, §19; SDCL Supp, §28-19-125; SL 1995, ch 80, §18.
Structure South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 11 - South Dakota Housing Development Authority
Section 11-11-1 - Legislative findings.
Section 11-11-2 - Declaration of necessity for development authority.
Section 11-11-3 - Powers necessary for development authority.
Section 11-11-4 - Declaration of public purposes and public interest.
Section 11-11-5 - Definition of terms.
Section 11-11-6 - Developments and projects subject to chapter.
Section 11-11-7 - Sponsors eligible under chapter.
Section 11-11-9 - Costs covered by chapter.
Section 11-11-10 - Development authority established--Administrator of federal housing program.
Section 11-11-11 - Reporting to Governor's Office of Economic Development.
Section 11-11-12 - Appointment of commissioners--Political affiliations.
Section 11-11-13 - State officers and employees eligible as commissioners.
Section 11-11-15 - Terms of office of commissioners--Vacancy--Restrictions on reappointment.
Section 11-11-17 - Removal of commissioner from office.
Section 11-11-18 - Officers of commissioners.
Section 11-11-19 - Meetings of commissioners--Quorum--Majority required for action.
Section 11-11-20 - Compensation of commissioners.
Section 11-11-21 - Executive director--Appointment and duties--Other personnel.
Section 11-11-23 - Benefits of state employees provided.
Section 11-11-24 - Records maintained by secretary--Certified copies--Publication of resolutions.
Section 11-11-26 - Power to carry out chapter.
Section 11-11-27 - Power to sue and be sued--Seal--Perpetual succession--Office.
Section 11-11-28 - Consolidation of processing for developments and projects.
Section 11-11-29 - Policy favoring private business firms.
Section 11-11-30 - Bylaws, rules, and regulations.
Section 11-11-31 - Research and development.
Section 11-11-33 - Advice and technical assistance to developments, projects and residents.
Section 11-11-34 - Cooperation with federal and other governmental agencies.
Section 11-11-36 - Execution of necessary instruments.
Section 11-11-37 - Acceptance of legislative appropriations--Purposes to which applied.
Section 11-11-38 - Annual informational budget required--Inclusion in Governor's budget report.
Section 11-11-39 - Acceptance of grants and contributions--Purposes to which applied.
Section 11-11-40 - Residual powers of authority.
Section 11-11-41 - Power to borrow and issue evidence of indebtedness.
Section 11-11-42 - Financing, reserves, and incidental costs included in amounts borrowed.
Section 11-11-43 - Issuance of notes and bonds--Purposes for which used.
Section 11-11-45 - Qualified private activity bonds--Maximum aggregate principal amount.
Section 11-11-47 - Authority as state issuing agency and housing credit agency.
Section 11-11-48 - Compliance with federal conditions for qualified mortgage bonds.
Section 11-11-50 - Refunding of notes and bonds.
Section 11-11-53 - Notes and bonds as general obligations of authority--Exception.
Section 11-11-54 - Bond resolution provisions--Contracts with bondholders.
Section 11-11-66 - Pledge binding when made--Attachment of lien.
Section 11-11-67 - Continuing validity of signatures by commissioners or officers.
Section 11-11-69 - Purpose of capital reserve fund requirements.
Section 11-11-70 - Establishment of capital reserve funds--Moneys paid into funds.
Section 11-11-71 - Amount required in capital reserve fund for each year.
Section 11-11-72 - Valuation of securities held by capital reserve funds.
Section 11-11-73 - Transfer to other funds of capital reserve fund income.
Section 11-11-75 - Deposit in reserve fund of bond proceeds necessary to maintain required amount.
Section 11-11-77 - Other funds created by authority.
Section 11-11-78 - Purchase of authority's own bonds--Cancellation--Resale.
Section 11-11-79 - Price of bonds repurchased for cancellation.
Section 11-11-82 - Compliance with certain other state laws not required.
Section 11-11-83 - Appointment of trustee by bondholders after authority default.
Section 11-11-84 - Enforcement of bondholders' rights.
Section 11-11-91 - Circuit court jurisdiction of proceedings by trustee.
Section 11-11-93 - State pledge to bondholders.
Section 11-11-94 - Commissioners and executive director not personally liable.
Section 11-11-95 - Negotiability of bonds.
Section 11-11-96 - Securities regulation--Bonds treated as securities of state instrumentality.
Section 11-11-97 - Bonds as legal investments for financial institutions and fiduciaries.
Section 11-11-97.1 - Authority may contract to manage payment or interest rate risk for bonds.
Section 11-11-98 - Investment of authority funds.
Section 11-11-100 - Acquisition and disposition of property.
Section 11-11-101 - Exemption of authority from taxes, recording fees and transfer taxes.
Section 11-11-102 - Contracts--Mortgage loans--Foreclosure.
Section 11-11-114 - Confidentiality of applications and financial information.
Section 11-11-115 - Applications--Signatures and certification required--Perjury.
Section 11-11-118 - Additional lending powers of authority.
Section 11-11-119 - Purchase of mortgages from mortgage lenders.
Section 11-11-120 - Purchase of securities from mortgage lenders.
Section 11-11-122 - Loans to mortgage lenders for new residential mortgages.
Section 11-11-123 - Requirements for transactions with mortgage lenders.
Section 11-11-134 - Purchase of federally insured housing mortgages.
Section 11-11-135 - Sale or transfer of mortgage loan or obligation.
Section 11-11-137 - Court actions to enforce loans or protect the public interest--Foreclosure.
Section 11-11-138 - Receiver appointed to safeguard authority's loan.
Section 11-11-139 - Reorganization of housing sponsor subject to control by authority.
Section 11-11-148 - Loans restricted to sponsors meeting statutory definition.
Section 11-11-149 - Amount and amortization period of FHA loans.
Section 11-11-150 - Amount and amortization of non-FHA loans.
Section 11-11-152 - Interest rates on which loans made--Additional charges.
Section 11-11-155 - Surety bonds and other assurances of payment and performance.
Section 11-11-161 - Conditions of mortgage loan or other financing.
Section 11-11-163 - Supervision of multifamily residential housing units and day-care facilities.
Section 11-11-180 - General power to make rules and regulations.
Section 11-11-181 - Annual report by authority to Governor and Legislature.
Section 11-11-182 - Annual audit of authority.
Section 11-11-183 - Chapter cumulative and supplemental to other laws.