50-6A-40. Disposal of airport or property by authority--Manner and terms.
Except as may be limited by the terms and conditions of any grant, loan or agreement, authorized by §§50-6A-27 and 50-6A-28, an authority may, by sale, lease, or otherwise, dispose of any airport, airport facility, or other property, or portion thereof or interest therein, acquired pursuant to this chapter. The disposal by sale, lease, or otherwise, shall be in accordance with the laws of this state governing the disposition of other public property, except that in the case of disposal to another authority, a subdivision, or an agency of the state or federal government for use and operation as a public airport, the sale, lease, or other disposal may be effected in such manner and upon such terms as the commissioners of the authority may deem in the best interest of civil aviation.
Source: SL 1976, ch 303, §12; SL 2018, ch 269, §19.
Structure South Dakota Codified Laws
Chapter 06A - Regional Airport Authorities
Section 50-6A-2 - Creation of regional airport authority by resolution.
Section 50-6A-3 - Public hearing required for adoption of resolutions--Notice.
Section 50-6A-8 - Organization and election of officers--Chairman and vice-chairman.
Section 50-6A-9 - Employment of personnel--Legal services--Delegation of powers and duties.
Section 50-6A-10 - Expenses of commissioners--No compensation.
Section 50-6A-11 - Addition of subdivisions to airport authority--Resolution of consent.
Section 50-6A-14 - Subdivision aid to regional authority.
Section 50-6A-15 - Corporate powers of regional authority.
Section 50-6A-16 - Operation of airports and aviation facilities.
Section 50-6A-17 - Acquisition of airports and aviation facilities.
Section 50-6A-18 - Power to use public waters.
Section 50-6A-21 - Zoning powers of authority.
Section 50-6A-22 - Subdivision's zoning power not limited.
Section 50-6A-24 - Maximum airport levy--County levy inapplicable to municipality levying.
Section 50-6A-25 - Tax proceeds deposited in special accounts--Expenditure by authority.
Section 50-6A-26 - Covenant in bond resolution to levy taxes until bonds paid.
Section 50-6A-27 - Acceptance and expenditure of grants, donations and loans--Terms and conditions.
Section 50-6A-29 - Bonds issued by authority--Terms--Minimum sale price--Interest rate.
Section 50-6A-31 - Covenants and indentures for bond security--Priority over operating costs.
Section 50-6A-32 - Recitation in bond as conclusive on issuance and purpose.
Section 50-6A-33 - Signatures of commissioners or officers valid after signers leave office.
Section 50-6A-34 - Public sale of bonds--Small issues excepted--Interest.
Section 50-6A-35 - Bonds fully negotiable.
Section 50-6A-36 - Tax exemption of bonds.
Section 50-6A-37 - No personal liability on bonds unless debt limitation exceeded.
Section 50-6A-39 - Operating contract for airport--Duration--Conditions.
Section 50-6A-40 - Disposal of airport or property by authority--Manner and terms.
Section 50-6A-41 - Rules, regulations, and orders.
Section 50-6A-42 - Agencies authorized to act through joint boards.
Section 50-6A-43 - Joint exercise of powers by airport authority and public agency.
Section 50-6A-44 - Joint action agreements between public agencies--Terms and conditions.
Section 50-6A-45 - Joint board created by public agencies.
Section 50-6A-46 - Annual budget for joint board expenditures--Approval by constituent agencies.
Section 50-6A-47 - Approval required for costs in excess of agreement or budget.
Section 50-6A-50 - Joint fund created for joint board.
Section 50-6A-51 - Disposal of airports or property by joint board.
Section 50-6A-52 - Airport acquisitions and development declared public purpose and necessity.
Section 50-6A-53 - Tax exemption of airport property and income.