13-51A-5. Interim notes authorized--Purposes.
The board may borrow money and issue interim notes in evidence thereof to perform any of the duties authorized under this chapter, including the payment of expenses to be incurred for planning, architectural, engineering, legal and financial services, the acquisition of a site or sites, and the purchase of fixed equipment. The board may from time to time, and pursuant to appropriate resolution, issue interim notes to evidence such borrowings including interest on such borrowings and all necessary and incidental expenses in connection with any of the purposes provided for by this chapter until the date of the permanent financing.
Source: SL 1971, ch 134, ยง4 (D).
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.