49-16C-3. Loans to regional railroad authorities--Procedure.
The South Dakota State Railroad Board may upon the written approval of the Governor make loans from the railroad trust fund to regional railroad authorities upon such terms and conditions as the State Railroad Board may determine. The South Dakota State Railroad Board shall adopt rules, pursuant to chapter 1-26 establishing the procedures for loan application and approval.
Source: SL 1981, ch 100, ยง7.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 16C - Railroad Trust Fund
Section 49-16C-1 - Railroad trust fund--Creation--Expenditure.
Section 49-16C-2 - Transfer of money to railroad authority fund.
Section 49-16C-3 - Loans to regional railroad authorities--Procedure.
Section 49-16C-4 - Interest and fees on loans to regional authorities.
Section 49-16C-5 - Expenditures to match federal funds.
Section 49-16C-6 - Expenditure to join other states in preserving certain railroad.
Section 49-16C-7 - Continuous appropriation of fund.
Section 49-16C-8 - Purchase of rolling stock or operation of railroad not authorized.