11-7-93. Income and revenues from which bonds payable--Additional pledge of other funds or assets.
A commission may issue such types of bonds as it may determine, including (without limiting the generality of the foregoing) bonds on which the principal and interest are payable:
(1)Exclusively from the income and revenues of the project financed with the proceeds of such bonds;
(2)Exclusively from the income and revenues of certain designated projects whether or not they are financed in whole or in part with the proceeds of such bonds; or
(3)From its revenues generally, provided that the housing projects and redevelopment projects of a commission shall be separately financed, and there shall be no confusion of financing or funds between projects of these two separate types.
Any such bonds may be additionally secured by a pledge of any grant or contributions, or parts thereof, from the federal government or other source, or a pledge of any income or revenues of the commission, or a mortgage of any project, projects, or other property of the commission.
Source: SL 1950 (SS), ch 13, §21; SDC Supp 1960, §45.3621.
Structure South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 07 - County And Municipal Housing And Redevelopment
Section 11-7-1 - Definition of terms.
Section 11-7-2 - "Slum area" defined.
Section 11-7-3 - "Blighted area" defined.
Section 11-7-4 - "Housing project" defined.
Section 11-7-5 - "Redevelopment project" defined.
Section 11-7-6 - "Redevelopment plan" defined--Purposes of plan.
Section 11-7-7.1 - Joint agreements between municipal and county commissions.
Section 11-7-8 - Factors considered in determining adequacy of dwelling accommodations.
Section 11-7-11 - Composition of commission--Certain public officers and employees ineligible.
Section 11-7-12 - Appointment and terms of commissioners--Vacancies.
Section 11-7-13 - Tenure of commissioners--Certificate of appointment.
Section 11-7-15 - Quorum of commission--Officers--Rules--Meetings open to public.
Section 11-7-16 - Expenses of commissioners--Per diem.
Section 11-7-20 - Delegation of powers and duties by commission.
Section 11-7-21 - Power to undertake, carry out, operate, construct, and repair projects.
Section 11-7-21.1 - Power to manage subsidized housing projects.
Section 11-7-22 - Power to acquire property--Eminent domain power.
Section 11-7-22.1 - Acquisition of private property by eminent domain for certain uses prohibited.
Section 11-7-23 - Power to lease or dispose of property--Contracts and instruments.
Section 11-7-26 - Payments in lieu of taxes on property.
Section 11-7-27 - Cooperation with federal government or state in carrying out projects.
Section 11-7-28 - Acceptance of grants and loans--Power to make loans.
Section 11-7-30 - Power to issue evidences of indebtedness.
Section 11-7-31 - Power to invest reserve and debt service funds.
Section 11-7-32 - Power to determine slum and blighted areas.
Section 11-7-33 - Power to establish income standards for admission to housing projects.
Section 11-7-34 - Power to make and disseminate housing and economic studies and analyses.
Section 11-7-35 - Power to prepare plan for municipal or county development.
Section 11-7-36 - Power to rent accommodations, buildings, and facilities.
Section 11-7-37 - Power to hold, improve, lease, or dispose of property.
Section 11-7-38 - Power to insure property.
Section 11-7-39 - Power to obtain federal or state guaranty of bonds--Premiums.
Section 11-7-41 - Power to make expenditures.
Section 11-7-42 - Exercise of combination of powers.
Section 11-7-43 - Projects subject to zoning, sanitary, and building regulations.
Section 11-7-44 - Work contracts and purchases to be awarded on competitive bids.
Section 11-7-49 - Approval required for initiation of low-rent housing projects.
Section 11-7-53 - Approval by governing body required for low-rent housing project.
Section 11-7-53.3 - Competitive bidding on construction of housing development project.
Section 11-7-60 - Noncitizens not accepted as tenants in housing projects.
Section 11-7-61 - Religious and political discrimination prohibited in selection of tenants.
Section 11-7-62 - Preference in rental to persons displaced by commission operations.
Section 11-7-63 - Preference in rentals to servicemembers and veterans.
Section 11-7-64 - Welfare recipients considered for admission to housing projects.
Section 11-7-65 - Periodic investigation of circumstances of tenants in housing projects.
Section 11-7-66 - Conditions waived in admitting servicemembers and veterans to housing projects.
Section 11-7-67 - Families with increased income required to move from project.
Section 11-7-68 - Rules and regulations for occupancy of housing projects.
Section 11-7-69 - Commission liable in contract or tort--Personal liability of commission members.
Section 11-7-74 - General development plan required before recommendation of redevelopment plan.
Section 11-7-78 - Findings of governing body required for approval of redevelopment plan.
Section 11-7-84 - Modification of redevelopment plans--Consent of lessee or purchaser required.
Section 11-7-85 - Performance bond required of purchaser or lessee of redevelopment property.
Section 11-7-88 - Sale or lease for variety of uses as purpose of redevelopment.
Section 11-7-91 - Provision for project revenues to be placed in debt service funds.
Section 11-7-92 - Commission power to issue bonds--Refunding bonds.
Section 11-7-94 - Conditions and covenants of bonds.
Section 11-7-97 - Private or public sale of bonds--Notice of sale.
Section 11-7-98 - Validity of signatures on bonds--Negotiable investment securities.
Section 11-7-99 - Tax exemption of bonds.
Section 11-7-100 - Recital in bond conclusive as to purpose.
Section 11-7-101 - Remedies conferred on bondholders by terms of bond.
Section 11-7-103 - Acceptance of federal loans and grants authorized--Compliance with conditions.
Section 11-7-104 - Mandamus available to obligee of commission--Injunction.
Section 11-7-106 - Commission accounts and annual report to auditor-general and governing body.
Section 11-7-107 - Investigations and examinations by auditor-general.
Section 11-7-108 - Enforcement of compliance with chapter and rules and regulations.