49-17A-34. Bonds exempt from taxation.
Bonds issued by an authority pursuant to the provisions of this chapter, together with interest and income therefrom, shall be exempt from all taxes.
Source: SL 1978, ch 344, ยง32.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 17A - Regional Railroad Authorities
Section 49-17A-1 - Definition of terms.
Section 49-17A-2 - Creation of authority by agreement of subdivisions.
Section 49-17A-3 - Contents of agreement creating authority.
Section 49-17A-3.1 - Authority may not change resolution eschewing taxing power.
Section 49-17A-5 - Hearing before adoption of resolution--Publication of notice.
Section 49-17A-6 - Election of commissioners--Terms of office--Vacancies.
Section 49-17A-7 - Power vested in commissioners--Rules for operation.
Section 49-17A-8 - Chairman and secretary-treasurer of authority.
Section 49-17A-9 - Executive director and other agents--Delegation of powers and duties.
Section 49-17A-10 - Reimbursement of commissioners' expenses.
Section 49-17A-11 - Addition of subdivision to authority.
Section 49-17A-12 - Withdrawal of subdivision from authority--Disposition of assets and liabilities.
Section 49-17A-14 - Powers of political subdivisions in aid of regional authority.
Section 49-17A-15 - Corporate powers of authority.
Section 49-17A-17 - Use of public waters by authority--Buildings, roadways and bridges.
Section 49-17A-19 - Public purpose and necessity for acquisitions.
Section 49-17A-20 - Exemption from taxation of property and income of authority.
Section 49-17A-21 - Annual certification of tax levy for authority--Levy of tax--Collection.
Section 49-17A-21.1 - Zones of benefit--Tax levy applied to.
Section 49-17A-22 - Maximum tax levy--County levy not applied in subdivision making levy.
Section 49-17A-23 - Deposit of tax proceeds--Expenditure.
Section 49-17A-24 - Covenant to levy taxes until bonds paid.
Section 49-17A-25 - Acceptance and expenditure of federal and other grants and loans.
Section 49-17A-27 - Issuance of bonds and notes--Purposes for which proceeds used.
Section 49-17A-28 - Revenues and funds pledged to payment of bonds and notes--Negotiability.
Section 49-17A-29 - Resolutions for bonds or notes--Security agreement--Terms and conditions.
Section 49-17A-30 - Mortgages and deeds of trust to secure obligations--Filing.
Section 49-17A-31 - Bond recital conclusive as to authority and purpose.
Section 49-17A-32 - Continuing validity of signatures on bonds and notes--Temporary bonds.
Section 49-17A-33 - Sale of bonds.
Section 49-17A-34 - Bonds exempt from taxation.
Section 49-17A-35 - Persons executing bonds not personally liable.
Section 49-17A-36 - Arrangements for operating and providing railroad service.
Section 49-17A-37 - Grant of operating privileges and use of railroad and facilities.