50-7-15. Cooperative agreements--Airport improvements--Reimbursement.
The department, on behalf of the commission, may enter into cooperative agreements with the governing body of a governmental agency, whereby, the initial expenditures for making authorized airport improvements may be paid from any state aeronautics fund moneys that may be available to the commission and the governmental agency's share of the expenditure may be reimbursed to the commission over a period of three years. The reimbursements shall be paid into the state aeronautics fund and used for airport improvement purposes. Any governmental agency may enter into a cooperative financing agreement upon the adoption of a resolution authorizing the governing body to enter into the agreement.
Source: SL 1966, ch 4; SL 1992, ch 60, §2; SL 1997, ch 16, §15; SL 2014, ch 222, §54; SL 2020, ch 203, § 10.
Structure South Dakota Codified Laws
Chapter 07 - Publicly Owned Airports
Section 50-7-1 - Municipalities includes organized townships and counties.
Section 50-7-6 - Acquisition of land for county airport.
Section 50-7-7 - Statement of intention to establish airport--Protest by voters--Submission to vote.
Section 50-7-9 - Annual appropriations for airports--Taxation.
Section 50-7-10 - Airport sponsors--Powers--Federal grants--Agreements.
Section 50-7-11 - Airport contracts subject to contract laws.
Section 50-7-13 - Administration of existing airports--Creation of airport board.
Section 50-7-14 - Charges for use of airport--Approval of governing body.
Section 50-7-15 - Cooperative agreements--Airport improvements--Reimbursement.
Section 50-7-16 - Interest on amounts to be reimbursed.
Section 50-7-18 - Indemnification agreements--Lands subject to mineral rights or oil and gas leases.