13-51A-1. Definition of terms.
Terms used in this chapter mean:
(1)"Acquire," includes to purchase, erect, build, construct, reconstruct, complete, repair, replace, alter, extend, better, equip, develop, and improve a project, including the acquisition and clearing of a site or sites therefor;
(2)"Board," the Board of Regents or its successor;
(3)"Federal agency," the United States of America, the President of the United States of America, the Department of Housing and Urban Development, or such other agency or agencies of the United States of America as may be designated or created to make loans or grants or both;
(4)"Institution," includes the following:
(a)Black Hills State University, located at Spearfish, South Dakota;
(b)Dakota State University, located at Madison, South Dakota;
(c)Northern State University, located at Aberdeen, South Dakota;
(d)South Dakota State University, located at Brookings, South Dakota;
(e)University of South Dakota, located at Vermillion, South Dakota;
(f)South Dakota School of Mines and Technology, located at Rapid City, South Dakota;
(g)School for the Blind and the Visually Impaired, located at Aberdeen, South Dakota;
(h)School for the Deaf, located at Sioux Falls, South Dakota;
and their branches;
(5)"Project," includes revenue producing buildings, structures, and facilities which, as determined by the board, are required by, or necessary for the use or benefit of, each such institution, including, without limiting the generality of the foregoing, the following: student residence halls; apartments; staff housing facilities; dormitories; health, hospital, or medical facilities; dining halls; student union buildings; field houses; stadiums; physical education installations and facilities; auditoriums; facilities for student or staff services; any facility or building leased to the United States of America; off-street parking facilities; whether heretofore acquired and now or hereafter used for any or all of the purposes aforesaid, as described in or as may be hereafter acquired under this chapter, with all equipment and appurtenant facilities; or any one, or more than one, or all, of the foregoing, or any combination thereof, for each such institution;
(6)"Each such institution," includes any institution or any combination of institutions as determined by the board.
Source: SL 1971, ch 134, §2; SL 1998, ch 110, §6; SL 2004, ch 134, §1.
Structure South Dakota Codified Laws
Chapter 51A - Board Of Regents Revenue Bonds
Section 13-51A-1 - Definition of terms.
Section 13-51A-2 - Power to acquire property.
Section 13-51A-3 - Power to accept grants.
Section 13-51A-4 - Borrowing power of board.
Section 13-51A-5 - Interim notes authorized--Purposes.
Section 13-51A-6 - Terms of interim notes--Maturity date--Extension.
Section 13-51A-7 - Security for payment of interim notes--Sources of payment.
Section 13-51A-8 - Additional provisions to make interim notes salable.
Section 13-51A-9 - Registration of interim notes--Interest payments--Redemption.
Section 13-51A-10 - Execution of interim notes.
Section 13-51A-11 - Sale of interim notes.
Section 13-51A-12 - Payment of interim notes on issuance of bonds.
Section 13-51A-13 - Power to issue bonds--Purposes--Resolution--Signatures.
Section 13-51A-14 - Terms of bonds.
Section 13-51A-15 - Pledge of income for security of bonds.
Section 13-51A-16 - Rights of prior bondholders protected.
Section 13-51A-17 - Covenant to maintain adequate income for bond retirement.
Section 13-51A-18 - Covenant against debt or charge endangering income pledged to bond retirement.
Section 13-51A-19 - Covenant against alienation of project so as to endanger bond security.
Section 13-51A-20 - Additional covenants for security of bonds.
Section 13-51A-21 - Trustee for bondholders--General powers--Trust agreement.
Section 13-51A-22 - Covenants to take actions for benefit of bondholders.
Section 13-51A-23 - Prohibition against obligating state.
Section 13-51A-24 - Limited obligation of bonds.
Section 13-51A-25 - Recording not required to perfect lien.
Section 13-51A-27 - Sale of bonds--Minimum price.
Section 13-51A-28 - Negotiability of bonds.
Section 13-51A-29 - Bonds as legal investments.
Section 13-51A-30 - Deposit of bond proceeds and revenues--Security--Disbursement.
Section 13-51A-31 - Agreements as to custody of funds.
Section 13-51A-32 - Actions for enforcement of chapter and resolutions.
Section 13-51A-33 - Power to issue refunding bonds for matured obligations.
Section 13-51A-35 - Power to issue refunding bonds for unmatured obligations.
Section 13-51A-36 - Exchange or sale of refunding bonds--Use of proceeds.
Section 13-51A-37 - Contracts and leases to carry out purposes.
Section 13-51A-38 - Parietal rules.
Section 13-51A-39 - Establishment and collection of fees.
Section 13-51A-40 - Retention of revenues by board.
Section 13-51A-41 - Accounting for project financing--Audits.
Section 13-51A-42 - Supplemental nature of chapter--Conflicting provisions.