41-17-6. Pledge of revenues as security for bonds--Apportionment of revenue when existing facilities improved.
The Game, Fish and Parks Commission may pledge park license receipts and any revenues derived from the operation of any recreational facility constructed with income derived from the issuance of the bonds authorized pursuant to §41-17-5 as security for any bonds issued under §41-17-5. If any existing recreational facility is reconstructed, reequipped, refurnished, or otherwise improved with income derived from the issuance of revenue bonds, the value of the original facility and the value of the improvement shall be appraised and fixed. All revenue derived from the facility and the improvement shall be apportioned on the basis of the value of the original facility and the value of the improvement. Only that portion of the revenue representing the amount that the improvement bears to the whole may be pledged as security for any bonds issued under §41-17-5.
Source: SL 1959, ch 108, §4; SDC Supp 1960, §25.0128; SL 1970, ch 241, §3; SL 2009, ch 206, §100.
Structure South Dakota Codified Laws
Title 41 - Game, Fish, Parks and Forestry
Section 41-17-1 - State parks--Enumeration.
Section 41-17-2 - Legislative adoption required for new state park.
Section 41-17-7 - Bond recital as to sources of payment--Disclaimer of state obligation.
Section 41-17-8 - Sale of revenue bonds--Terms--Negotiability.
Section 41-17-9 - Bond obligation restricted to revenues pledged.
Section 41-17-10 - Assistance in maintenance of Custer County schools--Maximum amounts.
Section 41-17-11 - Agreements for use of Custer State Park by National Guard--Lease authorized.
Section 41-17-11.1 - Black Hills Playhouse--Lease agreement with commission.
Section 41-17-11.2 - Black Hills Playhouse--Prior unpaid lease payments.
Section 41-17-11.4 - Black Hills Playhouse--Correction of building violations.
Section 41-17-11.5 - Black Hills Playhouse--Maintenance and repair.
Section 41-17-12 - New highways, roads, and trails in state parks--Violation as misdemeanor.
Section 41-17-13 - Park license for admission to state parks and recreation areas--Fees--Deposit.
Section 41-17-13.2 - Exemptions from park license requirement.
Section 41-17-13.3 - Campground permit or charges not included in park license.
Section 41-17-13.4 - Free admission and reduced fees for certain veterans.
Section 41-17-14 - Use of fees from park licenses--Land purchase prohibited.
Section 41-17-14.1 - Camping permits--Issuance--Use of fees.
Section 41-17-15 - Deposit and use of park service fees.
Section 41-17-18 - Hunting and trapping in Custer State Park as misdemeanor.
Section 41-17-18.1 - Permitting dogs at large as misdemeanor.
Section 41-17-21 - Parks and recreation fund created--Expenditure.
Section 41-17-22.4 - Procedure for sale, assignment, or transfer of concessionaire leases.
Section 41-17-22.5 - Custer State Park bond redemption fund created--Expenditures.
Section 41-17-23 - Grazing on state park or game preserve without permit as misdemeanor.
Section 41-17-24 - Failure to close gate in park or game preserve as misdemeanor.
Section 41-17-26 - Department required to fence land used for rails to trails program.
Section 41-17-28 - Golf carts used within state parks or recreation areas.