9-51-11. Alternative means of financing parking facilities.
Any municipality may pay for any portion of the cost of providing automobile parking facilities by:
(1)Appropriating moneys for the purposes authorized in §9-51-10;
(2)Appropriating any part or all of the net revenues derived from the operation of its automobile parking facilities including the net revenue from on-street parking meters;
(3)Imposing reasonable rates, rents, fees, and charges for the use of any on-street or off-street parking privilege or facility which may be in excess of actual cost of operation, maintenance, regulation, and supervision of parking at the particular location where the privilege is exercised;
(4)Leasing any off-street facilities at specified or determinable rents to be paid the municipality under a lease made as authorized and limited in §9-51-32;
(5)Borrowing money and issuing bonds as authorized and limited in §§9-51-13 to 9-51-28, inclusive;
(6)Borrowing money and issuing general obligation bonds in the manner and after authorization as provided in chapter 9-26 as may be hereafter amended;
(7)Any combination of all or any of the foregoing.
Source: SL 1955, ch 216, §4; SDC Supp 1960, §45.02A04; SL 1984, ch 43, §90.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 51 - Municipal Parking Facilities
Section 9-51-1 - Legislative findings and policy.
Section 9-51-1.1 - Appointive board to manage parking facilities--Contents of ordinance.
Section 9-51-3 - Parking meter revenues released on determination to issue bonds.
Section 9-51-6 - Contract for purchase or lease of parking lot authorized--Maximum term.
Section 9-51-7 - Appraisement of property being purchased for parking lot--Maximum price.
Section 9-51-9 - Parking facility financing law--Definition of terms.
Section 9-51-11 - Alternative means of financing parking facilities.
Section 9-51-12 - State and federal aid to municipal parking facilities--Agreement by municipality.
Section 9-51-13 - Issuance of parking facility revenue bonds authorized.
Section 9-51-14 - Ordinance authorizing revenue bonds--Pledge and definition of net revenues.
Section 9-51-15 - Contents of resolution or ordinance--Covenants and agreements with bondholders.
Section 9-51-18 - Bondholders have no right to compel tax levy or appropriation.
Section 9-51-21 - Revenue bonds not municipal indebtedness.
Section 9-51-22 - General obligation bonds authorized for parking facilities.
Section 9-51-26 - Agreement to levy tax when bonds due--Certification to county auditor.
Section 9-51-33 - Operating management contracts for municipally owned parking facilities.
Section 9-51-34 - Financing law alternative and independent of other laws.
Section 9-51-35 - Parking district law--Definition of terms.
Section 9-51-48 - Municipal and parking meter funds used to maintain parking facilities.