49-16B-36. Interim notes--Secured by pledge--Repayment from sale of revenue bonds and property acquired.
All such notes and the interest thereon may be secured by a pledge of any income and revenue derived by the authority from the project to be undertaken with the proceeds of the notes, after deducting from such income and revenue any reasonable and necessary maintenance and operation expenses, and shall be payable solely from the proceeds to be derived from the sale of any revenue bonds for permanent financing authorized to be issued under §§49-16B-23 to 49-16B-30, inclusive, and from the property acquired with the proceeds of the notes.
Source: SL 1980, ch 323, §32.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 16B - South Dakota Railroad Authority
Section 49-16B-2 - Definitions of terms.
Section 49-16B-3 - Railroad authority created--Members.
Section 49-16B-6 - Oath and bond of members.
Section 49-16B-7 - Per diem and expenses.
Section 49-16B-8 - Agents and employees.
Section 49-16B-10 - Projects authority may undertake.
Section 49-16B-11 - Report to legislature recommending projects.
Section 49-16B-12 - Transfer of jurisdiction or property to authority--Governor's approval.
Section 49-16B-13 - Acquisition of property--Construction and maintenance of railroad facilities.
Section 49-16B-13.1 - Approval of expenditures by railroad board and Governor.
Section 49-16B-13.2 - Maintenance of public railroad property by Department of Transportation.
Section 49-16B-14 - Department of Transportation's powers as to projects.
Section 49-16B-15 - Lease of facilities and sites.
Section 49-16B-16 - Lease terms, conditions and rentals.
Section 49-16B-17 - Leases to contain option to purchase--Purchase price.
Section 49-16B-18 - Lease provisions for lessee's payment of taxes, insurance and other costs.
Section 49-16B-20 - Nonpayment of rent--Maintenance, operation, or lease of facilities.
Section 49-16B-22 - Tax exempt status of authority's property.
Section 49-16B-23 - Negotiable revenue bonds--Resolution for issuance--Legislative approval.
Section 49-16B-25 - Bonds and notes--Resolution--Issuance--Terms.
Section 49-16B-26 - Bonds--Repayment from lease income and revenues from facilities financed.
Section 49-16B-27 - Bonds--Execution and registration--Officers' signatures.
Section 49-16B-28 - Bonds--Statements on face.
Section 49-16B-29 - Obligation of state not authorized.
Section 49-16B-30 - Contract with holders--Enforcement.
Section 49-16B-31 - Interim notes--Purposes for which authorized.
Section 49-16B-33 - Interim notes--Registration--Issuance.
Section 49-16B-34 - Interim notes--Interest--Redemption by authority.
Section 49-16B-35 - Interim notes--Execution--Attestation--Seal.
Section 49-16B-37 - Interim notes--Additional security for payment.
Section 49-16B-38 - Interim notes not indebtedness within constitutional or statutory limitations.
Section 49-16B-40 - Interim notes--No personal liability.
Section 49-16B-42 - Authority to account for income--Disbursements from accounts in fund.
Section 49-16B-43 - Conveyance of property to state by authority.
Section 49-16B-46 - Contract power of authority.
Section 49-16B-47 - Bylaws, rules and regulations of authority.