South Dakota Codified Laws
Chapter 16B - South Dakota Railroad Authority
Section 49-16B-9 - Seal.

South Dakota Codified Laws

Title 49 - Public Utilities and Carriers

Chapter 16B - South Dakota Railroad Authority

Section 49-16B-1 - Legislative declarations--Public participation in railroad ownership and operation.

Section 49-16B-2 - Definitions of terms.

Section 49-16B-3 - Railroad authority created--Members.

Section 49-16B-4 - Authority attached to bureau of finance and management for reporting purposes--Exercise of functions.

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-9 - Seal.

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-19 - Leases to Department of Transportation--Rents payable solely from appropriations--Amount.

Section 49-16B-20 - Nonpayment of rent--Maintenance, operation, or lease of facilities.

Section 49-16B-21 - Rental and charges for facilities leased to other than Department of Transportation--Conveyance at conclusion.

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-24 - Borrowing money and issuing bonds authorized--Refunding and refinancing--Pledge of income and revenues.

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-32 - Interim notes--Issuance pursuant to resolution--Contents of resolution--Extending maturity date.

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-36 - Interim notes--Secured by pledge--Repayment from sale of revenue bonds and property acquired.

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-39 - Payment of interim notes contemporaneously with issue of revenue bonds or escrow of bond proceeds for future repayment.

Section 49-16B-40 - Interim notes--No personal liability.

Section 49-16B-41 - Income of authority--Payment to state treasurer or trustee--Railroad authority fund--Disbursements.

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-44 - Record of lease rental payments--Conveyance of property to state upon receipt of sufficient rentals to pay bonds.

Section 49-16B-46 - Contract power of authority.

Section 49-16B-47 - Bylaws, rules and regulations of authority.